Elon Musk’s deepfake video promising huge returns on investing in risky cryptocurrency has become viral.
The video shows how a fake Musk talks about “new investment project“where should people put their money to make money”30% dividends every day for the rest of their lives“.
Deepfake is an increasingly common form of video created by artificial intelligence that creates images of false events. In this case, deepfake changes the previous shots of the richest man in the world and looks like he’s saying something he doesn’t say. The scam was prepared by BitVex, a fake stock exchange.
However, this video is not very convincing, because Elon Musk’s voice remains very robotic and it is difficult to understand exactly what he is saying. Tesla’s CEO, who also runs SpaceX, quickly said on Twitter that the video was not real. “Yuck. Certainly not meHe tweeted.
Yuck. Certainly not me.
– Elon Musk (@elonmusk) May 25, 2022
Billy Markus, co-founder of Dogecoin, also shared the seriousness of deepfake. “Everyone who is stupid enough to invest in it deserves to lose their money, but at the same time, fraudsters deserve to spend their lives in prison.He commented.
“Like anyone who looks at it and thinks it’s real, they would lose money for anything“, he added.
Dogecoin is the eleventh largest cryptocurrency with a market capitalization of $ 11 billion and a topic Elon Musk has repeatedly talked about on Twitter. Musk spent most of 2020 and 2021 pushing the coin, which caused its price to skyrocket.
Critics say the crypto assetcurrency memThe original has no real use, but developers are currently working to make it useful for payments. Another billionaire, Mark Cuban, has been pushing for more than a year to use dogecoin as a means of payment. The Cuban NBA team, the Dallas Mavericks, began accepting DOGE for merchandise and tickets in March 2021.
Fraud in the world of cryptocurrencies is ubiquitous, especially those on Twitter that promise huge returns. In March, the phishing scam broke into trusted accounts to steal more than $ 1 million in the fake airdrop of ApeCoin, the NFT Bored Ape Yacht Club’s native token.
And in 2020, fraudsters hacked high-profile tweeter accounts, including Muskov’s, to promote bitcoin fraud.