Beware Of This Elon Musk Deepfake Crypto Scam Video

Last Updated on 28 May 2022 by CryptoTips.eu


Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]

Scammers are clearly improving their game. Whereas a few years ago you could easily spot the ‘Nigerian prince scam’ or the ‘Microsoft technician’ calling you to say there’s a problem with your computer, by now they’ve gone to deepfakes and celebrities.

A deepfake is a video made by artificial intelligence where a celebrity’s face is made to say things he didn’t, in order to pursue a goal of either scaring the public or getting them to believe that the celebrity has changed their views. The most famous ones so far (non sexual of course) are Mark Zuckerberg claiming he’ll keep all your ‘stolen data and all your secrets’ as well as Ukrainian president Volodymyr Zelensky telling his soldiers to surrender to the Russian army.

Life in jail

Now, crypto scams are also getting more inventive. This week, a video featuring Tesla CEO Elon Musk went viral. It showed how Bitcoin investors could make huge returns if they poured their money into a certain cryptocurrency scheme. Musk can be heard talking about a “new investment project” that people should put their money in to make “30% dividends every day for the rest of their life.”

YouTube video

The Tesla CEO confirmed earlier this week that the video wasn’t real. “Yikes. Def not me,” he tweeted.

Musk’s friend over at Dogecoin (He pushed Dogecoin last night by confirming you could now buy SpaceX merchandise with it), Billy Markus, pointed out how bad the deepfake was.

He said:

Someone stupid enough to invest in that deserves to lose their money, but at the same time the scammers deserve to spend their life in jail.

Like literally anyone watching that and thinking it’s real would lose their money to anything.