New Deepfake crypto scam by Elon Musk

Deepfake by Elon Musk. Source: A screenshot of the video, vimeo Tesla CEO Elon Musk continues to be the target of online scammers who are using his image to rob traders of their money, with a new deepfake video portraying the billionaire entrepreneur. A short video, reposted by user DogeDesigner, shows Musk being interviewed, encouraging viewers in a clearly manipulated audio track to invest in the BitVex trading platform. Elon Musk's Deepfake Promises 30% Returns on Deposits Elon Musk's deepfake says: "Today we launch an investment project that is working right now if you see this video. Absolutely everyone can earn, it's very simple", promising potential victims of the scam a 30% return on deposits made in cryptocurrencies. Elon Musk's response to the tweet was brief, but left no doubt about the authenticity of the video and his involvement in the crypto scam. "Damn. It's not me," the tech entrepreneur said. On its official website, the "trading platform" attempts to convince potential victims to invest their cryptocurrencies by listing Musk as "CEO of Tesla Motors & BitVex" and providing a false quote from the businessman stating that this project "is a revolution that will provide money to everyone and guarantee the world new opportunities."

Scamcoin promoters have long resorted to deepfakes to increase demand among potential investors. Scammers impersonate everyone from influencers to high-profile crypto figures, but also ordinary people to gain the trust of victims. Earlier this year, Miranda, an e-commerce worker who didn't wish to reveal her real name because her company hadn't given her permission to speak publicly, was targeted by such an attack when impostors posted a deepfake video of the Melbourne woman promoting a crypto scam and posted it on her Instagram account. Watch the full video of "Elon Musk" below: