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Falling in love with deepfake Elon Musk, a woman was cheated out of $50,000

A Korean woman was defrauded of nearly $51,000 after a bad guy used a deepfake to impersonate Elon Musk to get to know her and ask her to transfer money.

"What I experienced was like a dream. 'Elon Musk' friended me on Instagram on July 17, 2023. I was a huge fan of Musk after reading his biography, but still felt skeptical when asked make friends," Jeong Ji-sun, who was scammed for money, said on television earlier this week.

The victim agreed to share her story under the condition that a pseudonym be used.

Jeong's skepticism did not last. "The person claiming to be Musk sent me a photo of his ID and a photo of him at work. This person talked about his children, how he goes to work by helicopter, and said he often randomly contacts fans." ", Jeong recalled.

When asked about Musk's experience in meeting South Korean President Yoon Suk-yeol in April 2023, the scammer said the two discussed "setting up super factories in Seoul and Jeju".

"He even said he loved me during the video call," Jeong said, affirming that she completely believed this person was really Elon Musk.

The scammer gave the victim a bank account number in Korea and encouraged her to transfer investment money because she was "happy to see her fans become rich". Jeong transferred a total of 70 million won (nearly 51,000 USD) to the account before the scammer disappeared.

This is not the first time deepfake fraud taking advantage of the image of celebrities like Elon Musk has occurred. However, Korean media assessed that the country's law lacks provisions to prevent the incident from recurring.

Most victims of love scams transfer money via credit card to fake websites set up by criminals, leaving authorities with no basis to suspend transactions and prevent money withdrawals. Research by Seoul University shows that 280 love scam cases were discovered in the period January-June 2022, of which 71.4% of victims were women.
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It's true that Bill Gates is still behind Microsoft's AI decisions

Although he no longer holds any position at Microsoft, Bill Gates is said to still be quietly behind the company's AI strategic decisions.

In 2017, before Microsoft established a partnership with an unfamiliar startup called OpenAI, Bill Gates himself drafted a document with CEO Satya Nadella and a small group of top directors.
He predicts a new world order will soon be created by AI Agents - artificial intelligence agents designed to be able to make decisions, predict human desires and needs, far beyond functionality. of popular virtual assistants like Siri and Alexa.

"This agent not only changed the way people interact with computers, but also transformed the software industry, bringing about the biggest revolution in computing since people moved from typing commands to tap the icon," Gates wrote.

Those who received the documents felt distant. "It seems super futuristic," a Microsoft executive said at the time. Others don't believe the company can create such a virtual assistant, because they have failed with many similar tools.

However, Gates' "secret letter" later formed Copilot. By investing in OpenAI, the company gets early access to leading artificial intelligence tools.
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Don't lose billions due to online financial investments

Taking advantage of victims' gullibility, gullibility, and need to make money quickly, without qualifications or experience, scammers guide them to invest in finance and virtual currency to appropriate billions of dong.

On April 26, Dong Nai Provincial Police informed that the provincial authorities were processing a report from a victim about the appropriation of more than 9 billion VND when participating in financial investment.

Specifically, in mid-December 2023, Mr. P.D.H (residing in Bien Hoa City, Dong Nai) made friends with someone on social networks through Zalo. This person introduced himself as a former classmate at Ho Chi Minh City University of Agriculture and Forestry.

After discussing work and family, the fraudster guided Mr. H. on how to invest financially.

Through research, Mr. H. found this job simple and highly profitable, so he agreed and was guided by the subject to register an account with a strange link that displayed information on the "DREAM" app to start doing it. currently trading.

Once successfully registered, the subject continued to instruct the victim how to deposit money into the account. Every time before transferring money to make a transaction, the other person contacted Mr. H. to instruct him on the time and type of securities to buy to get a high profit.

From December 12, 2023 to January 16, Mr. H. transferred a total amount of more than 9 billion VND for financial investment transactions.

However, when the victim went to the "DREAM" app to withdraw money, the app said it could not withdraw money and asked to pay taxes due to high profits. At this time, Mr. H. realized that he had been deceived, so he went to the police to report.

Similarly, a resident in Hanoi just reported to the police that more than 2 billion VND was appropriated when investing in virtual currency. This person, introduced by an old friend, within just 2 days, the victim deposited money into the ACO dold system and won 226,000 USD.

When wanting to withdraw money, the subjects asked the victim to deposit more money with the reasons "deposit money authentically", "upgrade VIP account", "safe risk money"... In total, the victim made 15 transactions and was appropriated more than 2 billion VND.
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Bitcoin price continues to plummet, what is happening?

Bitcoin dropped nearly 10% in just a few hours, causing red to cover the market and many other currencies losing more than 20% of their value.
Cryptocurrencies are entering "bear market" territory - bearish price declines of 20% or more.

Bitcoin - the largest cryptocurrency by market capitalization - dropped nearly 10% as of this afternoon, reaching the threshold of 57,000 USD. Compared to its all-time high of over $73,000 reached in mid-March, the currency has lost more than 20% of its value.

According to analysts, sell-off pressure has skyrocketed in the cryptocurrency market because the Hong Kong spot exchange-traded fund (ETF) failed to attract interest and investors were concerned about interest rates.

The CoinDesk 20 (CD20) market index fell even more during the same period, as other cryptocurrencies such as Ethereum (ETH), Solana recorded a 9-11% decline. Currencies with a capitalization of several hundred million USD lost 15-25% in just a few hours.

According to Coinglass, nearly $100 million in futures positions on exchanges were liquidated in the past hour. In 24 hours, nearly 500 million USD was liquidated.

Futures contract trading allows investors to use large-scale leverage, up to 50-100 times the initial capital. Liquidation takes place when the loss of trading orders exceeds the initial deposit amount.
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5 Reasons why Bitcoin dropped suddenly today

Due to the volatility of the cryptocurrency market, determining exactly why Bitcoin dropped in price on a particular day can be complicated and is often a combination of factors. However, we can consider some common potential causes:

Macro factors:
Global Financial Markets: The general sentiment of the financial markets may affect Bitcoin. If the stock market or other assets decline, investors can sell Bitcoin to minimize risk.

Interest rates and inflation: Raising interest rates by central banks to control inflation could cause investors to shift to less risky assets, putting pressure on Bitcoin.

Regulation and policy: News of new regulations or policies unfavorable to cryptocurrencies can reduce investor confidence and cause selling pressure.

Micro factors:
Specific events: Negative news related to Bitcoin, such as exchange hacks or scams, can lead to price drops.

Profit taking: After going through a period of rising prices, some investors may take profits, leading to selling pressure and price reductions.

Changing sentiment: The general sentiment of the cryptocurrency community can affect Bitcoin price.

If investors are fearful about the future of Bitcoin, they may sell off, causing a price drop.

Manipulative whales: Large holders of Bitcoin (whales) can influence the price by selling large amounts of Bitcoin, creating selling pressure.
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CZ apologized for his actions as he received a four-month prison sentence

Changpeng Zhao (CZ), founder of cryptocurrency exchange Binance, was sentenced to four months in prison, much lower than the previously proposed three years in prison.

During CZ's trial at the Western District Court of Washington early on the morning of May 1 (Hanoi time), judge Richard Jones sentenced CZ to four months in prison, along with a fine of $4.32 billion for Binance.

Judge Jones said there was no evidence that CZ was "ever informed" of specific illegal activities at Binance, thereby rejecting prosecutors' request to increase the sentence from 18 months to 36 months earlier.

At trial, CZ apologized for his actions, saying "he spent a lot of quiet time alone reflecting". He took responsibility for not controlling Binance strictly according to regulations. After the court's verdict, CZ said he would appear and go to jail on the same day.

Kevin Mosley, representative of the prosecution, commented that the sentence was too light. "CZ's detention is necessary, reflecting the seriousness of his conduct," he said. "This sentence will encourage others to break the law and do so on the largest possible scale."
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The following Top 5 Tokens are Most Interested by Investors

Predicting crypto market trends is always a challenge, and I do not have access to live data beyond November 2023. However, based on current information and some potential trends, I have I can suggest you 5 tokens that could attract attention in May 2024:

1. Bitcoin (BTC): The king of the crypto market is always the center of attention. With the Bitcoin Halving expected in 2024, the community will likely be especially interested in BTC and its price fluctuations.

2. Ethereum (ETH): The leading smart contract platform continues to grow with upgrades like Ethereum 2.0. Interest in ETH could soar as DeFi and NFT applications continue to grow.

3. Layer 2 tokens: With the need to scale Ethereum, Layer 2 solutions such as Polygon (MATIC), Optimism (OP), Arbitrum (ARB) can attract attention thanks to fast transaction speeds more and lower fees.

4. Metaverse tokens: Metaverse is still a hot trend, so tokens related to metaverse projects such as Decentraland (MANA) or The Sandbox (SAND) may continue to be of interest.

5. AI tokens: The combination of AI and blockchain is creating many interesting projects. Tokens related to AI projects such as SingularityNET (AGIX) or Fetch.ai (FET) could attract investor attention.

Note: The crypto market is highly volatile and difficult to predict. The above list is for reference only and is not investment advice. You should do your own research before making an investment decision.
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Elon Musk: 'If you don't spend $10 billion on AI, the company may fail'

Elon Musk warns that American technology companies need to prepare large resources for the AI ​​revolution or face the risk of disappearing from the market.

"Tesla will spend $10 billion this year to train and build reasoning capabilities for AI, mainly for the car segment. Any company that does not set aside such a budget and spend it effectively will lost competitiveness," billionaire Elon Musk said at the event on April 28.

Investing in AI reasoning is a sign that Musk is preparing the groundwork for the HW5 system, which is specifically designed for fully self-driving (FSD) vehicles.

American media said Tesla spent more than a billion USD on AI training in the first quarter of 2024, doubling the processing capacity of the machine learning system to the equivalent of 35,000 Nvidia H200 chips.
Musk announced last week that this number would increase to 85,000 chips by the end of this year.

The above moves show that Musk is racing to make Tesla the first company to solve the self-driving car problem on a large scale and take control of the future self-driving car technology copyright market.
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The US President spoke out after the Bitcoin price drop

It was surprising that the US President made a statement about the incident that is believed to be the cause of Bitcoin and cryptocurrency prices plummeting today.

US President Joe Biden made a statement regarding Iran-Israel tensions, which are considered the main cause of Bitcoin's current decline.

Bitcoin has seen a severe decline that has taken its price to its lowest recorded level of $65,898, according to data from CoinMarketCap.

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Western media has shared a lot of information that today Iran may launch an attack on Israel. However, there is also information that many missiles were launched by Lebanon towards Israel.

On the other hand, it was reported that Israeli warplanes were flying over Lebanon.
#Bitcoin(BTC) #Etherrum #ETHFI⁩

Why More Than 900 Million USD of Cryptocurrency Was Liquidated When Bitcoin and Altcoins Prices Fell Sharply

Horrifying: The cryptocurrency market has seen a sudden price drop, leading to over $900 million in cryptocurrency liquidation in the past 24 hours.

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The cryptocurrency market suffered an unexpected shock today as the price of Bitcoin and prominent altcoins dropped spontaneously leading to mass liquidations.

Currently, it is still unclear what caused this widespread price drop, there are many good reasons, including the recent price drop on the US stock market.

Nearly 500 million USD was liquidated in just one hour
According to data from CoinMarketCap, Bitcoin fell 4.6% on the day, to a low of $65,898. BTC's decline has reverberated throughout the market, with prominent altcoins such as Ethereum and Solana also recording daily losses of 8.12% and 12.16% respectively.

With this loss, 277,843 traders lost leveraged positions as total cryptocurrency liquidations reached $936.07 million in the past 24 hours based on data from Coinglass.
Of these numbers, long positions accounted for $823.4 million, while short traders lost only $112.66 million.

#Bitcoin(BTC) #Etherum #memecoin⁠⁠⁠⁠

SOLANA dropped 10%, but Solana still beat Bitcoin, Ethereum this way

Solana still beats Bitcoin and Ethereum in the NFT space despite the asset seeing a more than 10% drop in its value.
Solana has become more widely popular, and despite recording growth in price and number of wallets in the first quarter of this year, it is still far behind Bitcoin and Ethereum in terms of market capitalization.

The Solana NFT sector is exploding

However, Solana outperforms both of these networks in the NFT space. In fact, recent data indicates that Solana has the highest number of NFT traders, amounting to 488k.

Furthermore, the total number of NFT transactions taking place on the Solana network is also extremely high and amounts to 6.2 million.

According to Token Terminal figures, the number of active users on Solana has increased by 27.9% over the past month.

Furthermore, Solana's revenue also skyrocketed 391% during this period.

However, at the time of writing, SOLANA price has dropped to $152, seeing a significant drop of over 10.5% over the past 24 hours.

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Why did SAGA Token increase more than 36% after being listed on Binance?

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layer 1 lockchain Saga today announced the mainnet launch to provide a framework for creating an application-specific blockchain, called “Chainlet”, along with the SAGA token listed on the Binance exchange.

Saga co-founder and CEO Rebecca Liao said the mainnet launch is happening in six phases, with the Saga “security chain” containing the SAGA token and a “protocol chain” for app creators to use to launch run chain layer 1 launched today.

“We are delivering on our promise to redefine Web3 development with the launch of the Saga mainnet – allowing creators to deploy blockchain at zero cost to end users. Not only that, we are also breaking down the financial and technical barriers that have controlled blockchain's potential.”

Chainlet uses Saga's Integrated Stack to allow developers to create “appchains”, backed by Cosmos Interchain Security (ICS). Appchain is suitable for projects that require dedicated block space and built-in interoperability, facilitating horizontal scalability without sacrificing performance or security.

In an effort to enhance interoperability and scalability, Saga has raised $15 million from prominent investors such as Maven11, Longhash, Samsung, Polygon and Merit Circle.

The mainnet was launched in parallel with the phased distribution of SAGA tokens to participants and monthly distributions from over 100 partner projects to SAGA investors. Furthermore, Saga has formed strategic partnerships with Polygon, Avalanche and Celestia to enhance infrastructure using Chainlet technology.
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WARNING: Do not read this article until the end or your account will be X 10 on Binance Launchpool

That X10 asset opportunity is the Saga project Binance has just announced the 51st project open for sale on Binance Launchpool

Perhaps many of you still do not have much information related to this project.

Saga is a project that provides blockchain building services for applications. Or in other words, Saga is a blockchain network used to launch other blockchains, called "Chainlets" in the Saga ecosystem.

Chainlets are secured by Saga's validator through a mechanism called Interchain Security, a common security system from Cosmos.

🔶SAGA is the 51st project on Binance Launchpool.
You can Farm $SAGA with Staking $BNB and $FDUSD
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?Farming time: 7:00 a.m. April 5 - 6:59 a.m. April 9 (Vietnam time)
😀Listing time: 9:00 p.m. April 9, 2024 (Vietnam time)
😀Trading pairs: SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD and SAGA/TRY

✅Saga's Tokenomics:
✅Token: SAGA
✅Total Token supply: 1,000,000,000 SAGA
✅Launchpool Token Reward: 45,000,000 SAGA (4.5% of total supply)

✅Initial total circulating supply: 90,000,000 SAGA (9% of total supply)

✅Saga's development team:
The project development team is made up of members and projects with experience in the field of technology, including:
- Rebecca Liao - (CEO): Previously, she was Co-founder and held the CEO position at Skuchain, she brought Skuchain to annual sales of over 5 billion USD.
- Jin Kwon - (CSO): He has contributed to the Cosmos ecosystem since 2018 and currently holds many important positions at Tendermint.

✅Investors and Partners:
Saga has completed 2 rounds of seed funding with a total amount received of up to 11.5 million USD. These capital calls have the participation of investment funds and organizations such as: placeholder, Samsung Next, GSR, Longhash Ventures, Maven11, Hypersphere,...
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Bitcoin is likely to surpass $500,000 in the current bull cycle

According to Quant Analyst, PlanB, believes that Bitcoin (BTC) can achieve over 4x gains in the current market cycle.
In a new strategy session, the on-chain analyst told his 140,000 YouTube subscribers that it would be disappointing if Bitcoin ended the current bull market with a peak price of $200,000.

Xem thêm: Sốc: Chính phủ Mỹ công bố lệnh cấm toàn diện đối với tất cả các loại tiền kỹ thuật số

PlanB said that his stock-to-flow model, which compares the number of goods in circulation divided by the amount produced annually, suggests that BTC will see an increase of more than 660% from its current price before The market cycle ends.

“So the next peak will not be this year, but next year, 2025, with some saying it will be around $200,000. However, in reality, from a stock-to-flow perspective, we have a peak much higher than $500,000. It could be $600,000 or $700,000 or even $1,000,000.”

But PlanB warns that Bitcoin's ascent may be difficult. He also predicts Bitcoin will see several corrections of 20% – 30% in the coming months on the way to achieving his price target.

Whales increase BTC accumulation

IntoTheBlock's large holder data has revealed a staggering increase in Bitcoin accumulation by whales during the recent market downturn.

Wallets holding at least 0.1% of the total Bitcoin supply have seized the opportunity to increase collection by adding nearly 33,000 BTC to wallets in just one day, representing a whopping $2 billion investment.
#BinanceVietnamSquare #Btc-halving #Bitcoin(BTC) #Ethereum(ETH)