Elon Musk Deepfake Livestream Scams Thousands with Fake Cryptocurrency Scheme

Sunday, 25 August 2024, 15:58

Elon Musk crypto scam alerts arose recently when a deepfake livestream impersonated him, enticing viewers with fake Bitcoin investments. This fraudulent event took place through a verified YouTube channel and has raised significant concerns about online cryptocurrency scams featuring Musk. With his vast fan base, scams like these exploit his influence and credibility, leading unsuspecting individuals into dangerous financial traps.
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Elon Musk Deepfake Livestream Scams Thousands with Fake Cryptocurrency Scheme

Elon Musk Deepfake on YouTube Sparks Outrage

Billionaire Elon Musk has become a target for numerous scams, particularly in the cryptocurrency landscape. On August 25, a verified YouTube channel named Tesla US streamed a fraudulent event featuring a deepfake of Musk discussing a lucrative investment opportunity. Viewers were misled into believing they could gain from a false endorsement of a cryptocurrency scheme.

How the Scheme Operates

  • This scam featured a QR code linking to an investment website misleadingly using Musk’s name.
  • Promised returns of 1,000 BTC, 10,000 ETH, and 10,000,000 DOGE.

The website, teslaearn.io, displayed the official Tesla logo to further deceive users into participation.

Escalating Threat of Deepfake Technology

This incident is not isolated; according to Sensity, Elon Musk accounts for nearly a quarter of all deepfake scams linked to cryptocurrency, highlighting the growing concerns surrounding AI-generated content and its potential for abuse.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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