Security News > 2022 > May > Elon Musk deep fakes promote new cryptocurrency scam

Cryptocurrency scammers are using deep fake videos of Elon Musk and other prominent cryptocurrency advocates to promote a BitVex trading platform scam that steals deposited currency.

An example of one of the scam videos can be seen below, where Elon promotes the new scam site and says he invested $50 million into the platform.

While it is obvious that the interviews have been altered to simulate Elon Musk's voice to promote the BitVex trading platform, numerous other clues show that this is a scam.

Thankfully, the scam does not appear too successful, with only $1,700 deposits to the scam's cryptocurrency addresses seen by BleepingComputer.

In January 2021, a fake Elon Musk crypto giveaway scam earned $580k in just one week.

Even more recently, an Ark Invest-themed scam promoted on YouTube stole $1.3 million by just re-streaming an edited version of an old live panel discussion on cryptocurrency with Elon Musk, Jack Dorsey, and Cathie Wood of Ark Invest.

News URL

https://www.bleepingcomputer.com/news/security/elon-musk-deep-fakes-promote-new-cryptocurrency-scam/