Deepfake AI Elon Musk stealing your Bitcoins via YouTube Live gets 30,000 viewers

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Last Updated on 26 June 2024 by CryptoTips.eu

It is quite sad that the exact same person who’s been warning about the dangers of AI, is the same person that AI uses to create a deepfake of and then lure crypto hodlers to pass on their Bitcoins, Ethereum and dogecoin while streaming on a popular channel of YouTube Live.

Celebrities and crypto scams, it’s nothing new in fact. For example, rapper 50 Cent’s X account was hacked on Friday to pump a memecoin called Gunit. The hacker made millions of dollars in minutes, as the rapper admitted when he got his account back.

But the biggest crypto scam in recent days was yet another Deepfake AI version of Elon Musk giving a speech. On Sunday, the scam channel reached the top of YouTube Live Now during a stream that lasted for five hours, simply because more and more people joined in.

The fake show managed to lure in as many as 30,000 people (although there’s no way to verify how many of them were bots) at the same time.

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The video was made from hours of old footage of Musk, edited in such a way to make it look like a live Tesla event. Musk’s voice was simulated using artificial intelligence while the camera was placed far away from him so you couldn’t see that his lips did not match what he was saying.

The scammers had ‘Musk’ get people to scan a QR code and visit a certain website. They could then deposit their Bitcoin, Ethereum or Dogecoin to participate in a giveaway.

During the stream, which played in a loop, Musk’s fake voice promised that those who invested would automatically get their investment doubled. A classic among crypto scams, because in this way millions were already stolen via the social media channels of Barack Obama and Bill Gates back in 2020.

YouTube refrains from all comments, although it is quite certain that it can expect some major lawsuits.

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]
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