“There are deepfake videos of me circulating on other social media platforms. Please beware!” wrote former Binance CEO Changpeng “CZ” Zhao in his post on X (formerly known as Twitter).

Zhao also added that scammers are using fake videos to mislead people and lure them into dubious cryptocurrency schemes. According to Zhao, these videos are becoming more common, and it is important to stay vigilant to avoid falling victim to these tricks.

Deepfake cryptocurrency scams are becoming increasingly widespread, and Zhao is not the only victim. Other well-known figures, whose likenesses have been used in fake videos, include Donald Trump, Taylor Swift, Brad Garlinghouse, and Elon Musk.