On September 9, 2024, scammers exploited the iPhone 16 launch event by circulating deepfake videos of Apple's CEO, Tim Cook, to deceive potential buyers. This incident highlights the growing menace of AI-powered fraud, as cybercriminals leverage major events to lure unsuspecting individuals into cryptocurrency scams. The scammers utilized manipulated footage of Cook to create convincing live streams during Apple's 'Glowtime' event, enticing viewers to send cryptocurrencies in exchange for double the amount. One stream amassed over 355,000 views, with the fraudsters even mimicking Apple's branding and providing QR codes for payments. Despite YouTube's swift action in removing the fake streams, many fell victim to the scam. This incident underscores the importance of vigilance in the digital age, as deepfake technology enables fraudsters to impersonate well-known figures for illicit gains. Read more AI-generated news on: https://app.chaingpt.org/news