Please Don’t Invest in This Crypto Scam Because Deepfake Elon Musk Told You To

elon musk deep fake

Elon Musk, the CEO of Tesla, has a cult of followers who cling to his every word. As a result, no matter how illogical his advice is, it is accepted and followed religiously.

A video that was recently released and had been making the rounds on social media purports to show Musk discussing the investment potential of cryptocurrencies. The video, on the other hand, is a deepfake and does not feature Elon Musk in any way.

The fake Musk video on YouTube, which began appearing on some channels, promotes BitVex, a fraudulent cryptocurrency exchange that steals the cryptocurrency that its users deposit.

[Read: Warren Buffett Won’t Buy All the Bitcoin in the World for $25]

The con artists behind BitVex make the false claim that Elon Musk initiated the platform and that Tesla’s top mathematicians were responsible for its development in a poorly produced YouTube video that can be found on BitVex’s channel and has over 41,000 views.

There was also a deepfake that had nearly 500,000 views on Twitter. Musk stated unequivocally in a tweet that it was not him.

Deepfake Musk claims in a video that was uploaded to the internet that the new project that BitVex is working on will provide a 30 percent return on investment every day for the first three months.

[Read: Exxon Mobil is Starting to Burn Excess Gas to Mine Bitcoin]

The video is based on an April interview between TED CEO Christ Anderson and Tesla CEO Elon Musk. This was done to avoid raising any red flags. These people’s voices are nearly inaudible in comparison to the size of their mouths.

Bleeping Computer reported that scammers allegedly used multiple deepfake Musk’s to entice victims on YouTube. This information was obtained from a BitVex report published on Sunday. The scam began in May, according to the report, and involved Cathie Wood, CEO of Ark Invest, Brad Garlinghouse, CEO of Ripple, and Charles Hoskinson, co-founder of the cryptocurrency Ethereum.

Despite this, it is believed that the plan was a failure.

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