Elon Musk expresses surprise over deepfake YouTube video aimed at scamming Bitcoin, Ethereum and Dogecoin holders

A deepfake video with Tesla And SpaceX CEO Elon Musk Advertisement for a cryptocurrency scam is circulating on the video streaming platform Youtubewhich surprised both the public and the man himself.

What happened: On Sunday, an X-user named DogeDesignsr released a clip from Tesla's deepfake livestream event in which Musk allegedly asks viewers to deposit their cryptocurrency holdings and receive double the amount in return.

In the video, titled “Tesla Unveils a Masterpiece: The Tesla That Will Change the Auto Industry Forever,” an abrupt cut leads to Musk asking viewers to scan a QR code (edited) that would take them to a giveaway site. The deep fake Musk asks viewers to do this during the so-called LIVE broadcast.

“You can deposit any amount on the website Bitcoin (CRYPTO: BTC), ether (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) without registration. Once this is done, you will receive double the amount of cryptocurrencies deposited,” said the fake Musk.

At the time of writing, the video was still available on YouTube, with the fraudulent channel bearing a strong resemblance to Tesla's original YouTube channel.

Elon Musk was surprised by the developments.

Why it is important: The video surfaces two days after deepfake technology was applied to a video of Musk's interview with Chris Anderson at a TED Talk held in Vancouver earlier this year. Musk.

“Oops. Definitely not me,” Musk said after watching the video.

Last month, Hong Kong’s securities regulator warned the public about a fraudulent cryptocurrency trading platform called “Quantum AI” that uses deepfakes of Elon Musk to lure victims.

Musk is concerned about the proliferation of cryptocurrency spambots on social platforms like X and has offered solutions on several occasions, promising to “defeat the spam bots or die trying!”

Photo courtesy: Shutterstock

Continue reading: New social media post from Roaring Kitty boosts GameStop cryptocurrency by 200%, Kitty coins surge

Join and win $500 in stocks or cryptocurrencies

Enter your email address and you'll also receive Benzinga's Ultimate Morning Update AND a free gift card valued at $30+!

© 2024 Benzinga does not provide investment advice. All rights reserved.