Deepfake Alarm: Dorsey Warns, Musk Questions Amid Crypto Scam

Published 24/06/2024, 17:40
Deepfake Alarm: Dorsey Warns, Musk Questions Amid Crypto Scam
TSLA
-
ETH/USD
-
DOGE/USD
-

Coin Edition -

  • Jack Dorsey warns deepfakes will make it hard to distinguish real news from fake.
  • Elon Musk questioned whether the online community has not already reached the point.
  • Elon Musk impersonator uses deep fake to promote fake crypto giveaways.

Jack Dorsey, former Twitter CEO, has issued a stark warning about the rising peril of deepfakes, predicting a future where distinguishing reality from online fabrications becomes increasingly difficult.

Driving home the point, Dorsey urged his audience to be cautious and verify all information, even his own words. “Don’t trust me,” he said. “You have to experience it for yourself.”

Elon Musk, the owner of X (formerly Twitter), responded to Dorsey’s comments on the platform, questioning whether the online community has already reached a point where reality and fiction are nearly indistinguishable.

This comment comes amid a YouTube Live broadcast featuring a deepfake of Elon Musk, which was used to promote a cryptocurrency giveaway scam targeting thousands of viewers. The five-hour stream showed a convincing fake Musk promoting a bogus cryptocurrency scheme.

The scam instructed viewers to deposit their Bitcoin, Ethereum, or Dogecoin into a website, promising to return double the amount deposited. The convincing deepfake, complete with an AI-generated voice, was designed to look like a livestream from a Tesla event.

At its peak, the stream attracted over 30,000 viewers, making it a top recommendation on YouTube’s Live Now section. However, it is unclear how many of these viewers were genuine, with the possibility of bots inflating the numbers.The scam was perpetrated by an account impersonating Tesla, which had even obtained the Official Artist Channel verification badge. A subsequent report suggests that Google has removed both the video and the channel.

The post Deepfake Alarm: Dorsey Warns, Musk Questions Amid Crypto Scam appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.