Elon MemeLord

Shiba Inu

Elon Musk

In this current market sentiment, exploiters, attackers, and hackers are very active and trying to trick investors as well as traders. Today, on June 27, 2024, local media reported that Australia’s biggest YouTube news broadcasterSeven Network which has nearly 1.71 million subscribers was hacked by a crypto scammer. Hackers hijack Australia’s biggest YouTube news broadcaster 
Following the hack, the hacker renamed the channel to Tesla and went live, showing a fake video of Tesla founder and CEO Elon Musk discussing cryptocurrency using AI. During this live stream, more than 150,000 people were connected, and it was observed that Musk was saying he was giving away crypto.
Additionally, the fake AI video of Musk also touts a “double your money” scheme, as scammers encourage viewers to scan Tesla-branded QR codes on the screen and deposit assets to double their crypto holdings. The fake AI video of Musk says, “Let’s make this evening unforgettable and double your wealth with Tesla.” The fake Musk video also adds, “I am not joking, this is absolutely real and available to all of you.”
However, following this incident, Seven spokesman said, “Seven is investigating and working with YouTube to resolve the situation as soon as possible.”
This is not the first time scammers have done such a thing over the internet. Earlier, we experienced a similar activity when Ripple founder and CEO <a href="https://news.todayq.com/ripple-ceo-calls-out-fake-xrp-airdrop-scam-running-on-x-youtube/" rel="noopener noreferrer nofollow">Brad Garlinghouse</a> was shown talking about an XRP airdrop. Additionally, these scammers are using the video and running paid ads on social media platforms like X, YouTube, and others to trick crypto investors. Cryptocurrency market overview 
However, following that incident, Brad made a post on X exposing the fake XRP airdrop. In this struggling cryptocurrency market, we have experienced several crypto scams, with millions lost in June 2024 alone. Despite these incidents, there was no significant impact on the market.
As of now, the overall cryptocurrency market is down by 4.75%, with top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and BNB (BNB) experiencing price drops in the last 24 hours. Currently, BTC, ETH, SOL, and BNB have seen price drops of 0.6%, 0.25%, 0.55%, and 0.35%, respectively, in the last 24 hours. At the same time, the crypto meme industry is up by 3.3%, despite top meme coins including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Floki (FLOKI) being in a downturn.

Fake Elon Musk video use to promote crypto scam

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