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Story behind Tesla Crypto giveaway : AI-Generated Elon Musk Voice Used in Crypto Scam Livestream

An AI-generated voice of Elon Musk instructed viewers to deposit cryptocurrency to a shady website during a livestream today. This scam is the latest in a series of similar fraudulent broadcasts.

The Scam Unfolds

A YouTube Live broadcast, running for five hours, used a deepfake of Elon Musk to promote a cryptocurrency scam. The video appeared to be a livestream from a Tesla event, with an AI-generated Musk voice telling viewers to visit a website and deposit their bitcoin, Ethereum, or Dogecoin. The fake message, playing on a loop, promised to double the cryptocurrency deposited.

Viewer Impact

At its peak, over 30,000 viewers tuned into the stream. This high number might have been inflated by bots, pushing it to the top of YouTube’s Live Now recommendations. The account, @elon.teslastream, had an Official Artist Channel verification badge, suggesting a potential hack. Both the video and the channel were removed after Engadget contacted Google.

Rise of Deepfake Scams

Elon Musk deepfake scams have surged recently, with scammers using accounts posing as Musk’s companies. The latest scam was titled “Tesla’s unveils a masterpiece: The Tesla that will change the car industry forever.” In June, similar scams involved 35 accounts pretending to be SpaceX around the Starship launch. In April, scammers used the eclipse hype for their schemes, and fake Musk livestreams have been reported on Reddit.

Ongoing Crypto Scams

Crypto scams targeting Musk’s followers have been a persistent issue for years. Celebrities, in general, are frequent targets. Recently, 50 Cent’s accounts were hacked for a pump-and-dump scheme, highlighting the widespread nature of these scams.

Conclusion

The use of AI-generated voices and deepfakes in cryptocurrency scams is increasing, posing significant risks to investors. Awareness and vigilance are crucial in combating these fraudulent activities.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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