ChainCatcher reported that in the past three days, a fake "double money" scam impersonating Elon Musk has appeared on Youtube. The scam disguised itself as an official Bitcoin 2024 live broadcast to trick users into sending their crypto assets.

Last weekend, the artificial intelligence-generated fake Musk live broadcast was very active, and one specific video alone gathered more than $28,000 in Bitcoin, ETH, and Dogecoin.

The scam follows the typical "double your money" plan, inducing users to send any amount of Bitcoin, ETH, Dogecoin, or USDT, and promises to receive twice the amount sent.