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According to ShibDaily, Russian tech company FACCT has uncovered a new wave of cryptocurrency scams using deepfake technology. These scams include fraudulent ads featuring fake video and audio of prominent figures, including US President-elect Donald Trump,
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SpaceX CEO Elon Musk and journalist Tucker Carlson. The deepfake software, designed for English-speaking audiences, allows users to create videos and audio files using the images of these celebrities. These fake media pieces are then used to promote fake cryptocurrency exchanges.🏛🚀
The FACCT has identified three common fraud schemes in the cryptocurrency sector. The first involves fake cryptocurrency exchanges where victims are tricked into transferring tokens to non-existent wallets, resulting in the loss of their assets. The second scheme, known as “predators,”
“Cryptocurrencies,” involves scammers sending malicious links to victims, which allow them to access victims’ wallets. The third scam involves “scam tokens,” which are currencies that users can buy but cannot sell.🌏👍
The use of Deepfake technology in cryptocurrency scams is not new. In November 2024, Google issued a warning about the increasing sophistication of cryptocurrency investment scams using Deepfake impersonation. At the time
Earlier in April 2024, a misleading livestream was broadcast on YouTube, falsely attributed to SpaceX, which featured an AI-generated speech by Elon Musk promoting a cryptocurrency investment opportunity. This fake content falsely claimed to be able to double returns.💝
During his campaign, President-elect Trump expressed support for cryptocurrencies, promising to create a national reserve for Bitcoin. After winning the election, Trump aims to appoint crypto-friendly leaders to key regulatory positions, including the Securities and Exchange Commission. His recent actions, including the acquisition of
Reported on Bakkt by Trump Media & Technology Group, it has garnered significant attention in social media and cryptocurrency communities.⛽
This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult a qualified financial advisor before making any investment decisions.
