Elon Musk Impersonation Scam: Unveiling Cryptocurrency Fraud with Deepfake Technology

Watan-The concept of fraud through cryptocurrencies has once again dominated the scene of online scams, this time associated with the name of American billionaire Elon Musk.

During the last few hours, social media users have circulated a video that claims to be a new offer from Elon Musk, alleging that the owner of platform โ€œXโ€ promised to provide ten thousand dollars to anyone who opens an account on his website. of digital currency. .

Musk has been promoting the โ€œDogecoinโ€ cryptocurrency for years, regularly tweeting about the unique symbol that was created as a joke in 2013.

fake voice

According to clips collected from John Oliver's English comedy show โ€œLast Week Tonight,โ€ a voice similar to that of Elon Musk was heard offering the amount to encourage people to operate with the currency, promising that anyone who opens an account on a site specialized website will immediately receive ten thousand dollars.

The video, made with deepfake technology and broadcast on TikTok, uses deepfake, a technology that replaces a person's face with another target face, or replaces one person's voice with that of another.

However, it was quickly exposed and several copies of the video were removed from TikTok after users reported it.

Deepfakes are created using computer programs using artificial intelligence.

This technique attempts to merge a series of images and video clips of a given personality to produce a new video clip (using machine learning) that may initially appear real but is actually fake.

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Fraud victims

Some cryptocurrency-related fraud operations target people who already own cryptocurrency. Scammers take advantage of newcomers' lack of knowledge about cryptocurrencies, as well as the absence of laws related to them, to trick them into sending money.

Recently, users lost over $700,000 after Ethereum co-founder Vitalik Buterin's X account was hacked.

Through Buterin's account, the scammers posted a link promising free non-fungible tokens (NFTs). Victims who clicked on the link subsequently lost their own NFT tokens.

While hackers often use text messages and X (Twitter) tweets to attack victims, widespread access to artificial intelligence is changing their methods, with the creation of deepfake videos featuring famous personalities such as Elon Musk, CZ and others .


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