See how an AI-generated video of Elon Musk was used in an Elon Musk crypto scam on YouTube, and read about the tactics used by SpaceX scammers here.
Recently, an elaborate crypto scam using an AI-generated video of Elon Musk fooled thousands of viewers on YouTube.
The video, in which Musk is said to be encouraging people to scan a QR code to send Bitcoin and receive double the amount, has garnered over 100,000 viewers at the same time.
If anyone sees this shit Elon Musk / Crypto Scam @SpaceX Start a YouTube stream? In a deepfake video that interrupts your stream, Elon tells everyone to scan a QR code to send cryptocurrency and 2x the amount you enter will be returned to your wallet. Be careful!! pic.twitter.com/EpXyU0mv7F
— N1COLE (@nmarinake) June 6, 2024
AI Elon Musk? The story of SpaceX's cryptocurrency scam
A YouTube channel called “SpaceX,” boasting 2.9 million subscribers, has perpetrated a massive scam whose sheer number of followers and compelling content has fooled many into thinking it's real.
In fact, this is a repurposed channel that was once linked to the band Banda El Recodo De Cruz.
Crypto scam videos are old news on YouTube, but this one was different: it was watched live by a massive audience and used AI with frightening accuracy.
Just hours after Musk spoke live about the Starship test flight, scammers pounced. The video appeared to be authentic, but an AI voice touted a Bitcoin doubling plan. The incident highlights the need for YouTube to more strictly moderate channel names. Even with Google's AI bot, channels like SpaceX1 and SpaceXforElon continue to get missed.
Even experienced observers were momentarily fooled by the video's persuasiveness.
Found: How to buy Bitcoin in June 2024
Conclusion: Protect yourself from cryptocurrency scams
To avoid becoming a victim of such scams, always check the authenticity of cryptocurrency giveaways or promotional events associated with celebrities like Elon Musk.
While 99Bitcoins was in Austin, Texas for Consensus, we literally saw a truck broadcasting a deepfake crypto scam video of a fake conversation between Musk and Joe Rogan on LED TVs. It's a scary thing out there.
Genuine announcements from Musk or his companies are usually made via official platforms and verified social media handles.
Please exercise caution and do thorough research before participating in online cryptocurrency trading.
And YouTube, please prioritize user safety over fake bot numbers. It's time for stricter checks and balances.
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Disclaimer: Cryptocurrencies are a high-risk asset class. This article is for informational purposes only and is not investment advice. You can lose all your capital.
