Dogecoin

Elon

Elon Musk

<p class="is-style-lead">The now-deleted livestream directed viewers to deposit Bitcoin, Ethereum, and Dogecoin at a fictitious website.</p> 
<p>The stream, which at one point had more than 30,000 viewers, ran for five hours over the weekend and utilized semi-pixelated videos of <a href="https://crypto.news/tag/elon-musk/" target="_blank" data-type="link" data-id="https://crypto.news/tag/elon-musk/" rel="noreferrer noopener">Elon Musk</a>. In the video, there was a segment featuring Musk appearing to host a live stream during a Tesla event.&nbsp;</p> 
<p>The video featured an AI-generated version of Elon Musk’s voice, encouraging viewers to visit a website and deposit their crypto for a giveaway. The stream encourage donations in Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noreferrer noopener">BTC</a>), Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/">ETH</a>), and Dogecoin (<a href="https://crypto.news/price/dogecoin/" target="_blank" data-type="link" data-id="https://crypto.news/price/dogecoin/" rel="noreferrer noopener">DOGE</a>). The repeated message promised to ‘automatically return double the amount of the cryptocurrency you deposited.’</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">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. <a href="https://t.co/xIfQVkdgM2" target="_blank" rel="">pic.twitter.com/xIfQVkdgM2</a></p>— sid (@immasiddtweets) <a href="https://twitter.com/immasiddtweets/status/1804957390632325387?ref_src=twsrc%5Etfw" target="_blank" rel="">June 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The “@elon.teslastream” account posed as Tesla and had a verification badge next to its profile. Google removed both the video and the channel.</p> 
<h2 class="wp-block-heading" id="musk-scams">Musk scams&nbsp;</h2> 
<p>This incident follows a long line of crypto scams that have utilized deep fakes of Elon Musk.&nbsp;</p> 
<p>On April 8, there was a <a href="https://crypto.news/spacex-giveaway-scam-floods-youtube-with-deep-fake-elon-musk/" target="_blank" rel="noreferrer noopener">surge</a> of fraudulent Space X giveaway scams on YouTube, disguised as live streams focused on the April 8 solar eclipse.</p> 
<p>Also, on May 8, a month later, the Hong Kong Securities and Futures Commission (HKSFC) <a href="https://crypto.news/hong-kong-authorities-expose-crypto-scam-featuring-deepfake-elon-musk/" target="_blank" rel="noreferrer noopener">warned</a> the public about a fake crypto exchange platform using AI-generated videos of Elon Musk to promote crypto trading services.</p> 
<p>Over the last year, AI-generated videos have become an easy tool for crypto scammers. According to a <a href="https://crypto.news/ai-is-speeding-up-crypto-website-fraud-and-influencer-scams/" target="_blank" rel="noreferrer noopener">recent Elliptic report</a>, AI can speed up crypto scams, posing a substantial threat to the credibility of not only AI but the crypto industry as a whole.&nbsp;</p> 
<p>Engadget was the first to report this live scam.&nbsp;</p>

Elon Musk deep fakes scammed crypto users on YouTube over the weekend

Table of Contents

crypto.news

Other articles published on Jun 24, 2024

How Companies Should Prepare for FASB’s New Crypto Asset Accounting Rules

MoonBag Soars as Top Crypto Presale in 2024: Leaving Chainlink & Book of Meme in the Dust

Investors React to Bitcoin Price Drop and Fed Announcements

Bitcoin Confirms ‘Summer Lull’: Price Nears $60K Amid Bearish Historic Trends

Over $122M Bitcoin longs liquidated as BTC falls below $61K

Best Crypto Presale in June 2024: MoonBag Overtakes Bitbot and Kangamoon As It Raises $2.8M

Join our free newsletter for daily crypto updates!