Deepfake of Elon Musk Used to Promote Crypto Scam on YouTube Live

Sunday, 23 June 2024, 20:07
The utilization of a deepfake resembling Elon Musk has been employed in a fraudulent cryptocurrency scheme on a YouTube Live broadcast. This incident underscores a growing trend of scams that deceive users into depositing their crypto assets with the promise of receiving double in a phony giveaway. As the prevalence of deepfake technology increases, individuals must exercise caution to avoid falling victim to such scams.
Engadget
Deepfake of Elon Musk Used to Promote Crypto Scam on YouTube Live

Overview

A YouTube Live broadcast featuring a deepfake of Elon Musk promoted a cryptocurrency scam, urging viewers to deposit funds for a bogus giveaway.

Key Points

  • Deceptive Scheme: The scam leveraged a deepfake of Elon Musk to deceive users into depositing their cryptocurrency, promising double returns in a giveaway.
  • YouTube Live Broadcast: The fraudulent activity occurred during a five-hour live stream, highlighting the increasing use of deepfake technology in online scams.
  • Warning Sign: This incident serves as a reminder for audiences to remain vigilant against deceptive tactics targeting cryptocurrency holders.

As the deceptive deployment of deepfakes persists, it is crucial for users to verify information and exercise caution in online transactions.

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