💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

'Yikes:' Elon Musk Reacts To Viral Deepfake Video Of Himself Promoting Crypto Scam

Published 30/05/2022, 14:29
© Reuters.  'Yikes:' Elon Musk Reacts To Viral Deepfake Video Of Himself Promoting Crypto Scam
CRCW
-

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk was made aware of a deepfake video earlier this week where an AI version of himself is promoting a cryptocurrency scam.

What Happened: Earlier this week, Benzinga reported that a fake cryptocurrency trading platform called “BitVex” was using Musk and other prominent industry personalities to draw in unsuspecting investors.

The deepfake technology has been applied to an existing video of Musk’s interview with Chris Anderson at a TED Talk hosted in Vancouver earlier this year.

“Yikes. Def not me,” tweeted Musk after watching the video which makes it out to look like he is promising investors a 30% return on their crypto deposits.

“someone stupid enough to invest in that deserves to lose their money, but at the same time the scammers deserve to spend their life in jail,” said Dogecoin (CRYPTO: DOGE) creator Billy Markus, of the Deepfake video.

See Also: Elon Musk Reacts To Dogecoin Creator's Tweet That 95% Of Crypto Is 'Scams And Garbage'

Both Musk and Markus have regularly called out crypto-related scams in various forms. Musk has been particularly concerned about the abundance of crypto spambots on Twitter (NYSE:TWTR) and has proposed ways to fix the issue on multiple occasions, pledging to “defeat the spam bots or die trying!”

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.