The post Fake Elon Musk Runs Wild On YouTube, Stealing Crypto With Deepfakes appeared on BitcoinEthereumNews.com.

In a chilling display of digital deception, a sophisticated deepfake scam featuring an uncanny likeness of Elon Musk recently duped thousands of cryptocurrency enthusiasts. Over the weekend, YouTube hosted a five-hour livestream where an AI-generated Musk announced a “revolutionary” Tesla event alongside a “generous cryptocurrency giveaway.” The catch? Viewers had to send their Bitcoin, Ethereum, or Dogecoin to a specific address, with the promise of doubling their investment instantly. What seemed like a golden opportunity for quick financial gain turned out to be a well-crafted trap, exploiting the trust and excitement of Musk’s followers. Many Fooled By Elon Musk Deepfake The livestream, with its eerily realistic AI-generated voice and convincing backdrop of a Tesla event, was not only a technical marvel but also a stark reminder of the evolving tactics of online scammers. This was no amateur hour; the production quality was slick, the details meticulously crafted, and the account appeared verified, adding an extra layer of credibility to the scam. A deepfake live stream of Elon Musk promoting a crypto giveaway scam is currently live on YouTube with around 30,000 viewers. It’s funny how YouTube isn’t doing anything about it. pic.twitter.com/xIfQVkdgM2 — sid (@immasiddtweets) June 23, 2024 Celebrities: Prime Targets In The Digital Age This incident is not an isolated one. High-profile individuals, particularly those with large social media followings, are becoming increasingly vulnerable to such digital fraud. Just recently, rapper 50 Cent’s social media accounts were hijacked to promote a fraudulent memecoin, further illustrating the breadth and boldness of these cybercriminals. The allure of celebrities’ influence is a potent tool for scammers who aim to exploit the trust that fans place in their idols. DOGE market cap currently at $17.8 billion. Chart: TradingView.com The deepfake technology used in these scams has advanced significantly, making it harder for even…

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Filed under: News - @ June 25, 2024 8:14 pm