Deepfake of Elon Musk used to collect tons of cryptocurrency on YouTube

The AI (Artificial Intelligence) is becoming increasingly popular among the audience. Its easy-to-use nature has attracted millions of users across the globe. However, not everyone is using AI for good and information stuff only. A lot of users are misusing AI to create deepfakes and scam people. In a recent incident, someone created a deepfake video of Elon Musk on YouTube and used it to collect tons of cryptocurrencies illegally.

YouTube Live of Elon Musk’s deepfake scammed a lot of viewers

Deepfakes are one of the biggest threats to AI. A recent YouTube livestream that ran for around 5 hours straight was used to collect cryptocurrencies from the viewers. The streaming features Elon Musk’s deepfake and was used to push a large-level cryptocurrency scam. The live stream was designed in such a way that it looked like a real Elon Musk’s video from some Tesla event.

elon deepfake

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However, the culprit turned a portion of live streaming where Elon Musk’s deepfake was seen asking the viewers to visit a shady website and deposit their Ethereum or Dogecoin to enter a cryptocurrency giveaway. This was playing on a loop and the viewers were guaranteed to receive the double amount of cryptocurrency they had deposited. This of course was a scam.

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The live streaming got as many as 30,000 viewers and it was also trending in YouTube’s live now feed. Both the channel and the video were removed but it still doesn’t dismiss the fact that numerous people might have sent their cryptocurrencies believing it to be real. We surely need strong regulations from both the Government and the firms inventing and working on AI to make sure that no scams and misuse of AI tools happen. This is just the start and if it’s not regulated well, then things might turn worse in the coming days.

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