Elon Musk Reacts To His DEEPFAKE Trying To Scam People Out Of Crypto

Elon Musk, the CEO of Tesla, has responded to a deepfake video of him apparently supporting a bogus cryptocurrency scheme. The centibillionaire declared in a recent tweet that it was “absolutely” not him. The deepfake video, which went viral on Twitter earlier this week, is designed to entice investors to invest in a trading platform that promises 30% returns on cryptocurrency deposits.

About The DEEPFAKE Video

In the said deepfake video, Elon Musk is seen on the set of a TED talk dated April 15, 2022, in which he covers Twitter, Tesla, and other topics. The deepfake Musk alleges that he’s launching a new cryptocurrency trading platform, guaranteeing 30 percent profits.

Deep-faked clips of other famous persons in the bitcoin sector supposedly promoting the same project have lately been published to newly made YouTube channels and hacked existing ones. Changpeng Zhao, the CEO of Binance, Cathie Wood, the CEO of Ark Invest, and others are among them. The video adds little to the authenticity of the overall ordeal, as the multimedia’s production is laughably awful.

Many Dogecoin supporters complained about the video’s poor quality, alleging that Musk’s speech sounded robotic and incoherent. A Twitter user wrote, “This is a terrible deep fake.”

Billy Markus, a co-founder of Dogecoin, believes that anyone who falls for such a ruse deserves to lose their money.

What Is Deepfake?

A deepfake is a piece of media material that uses artificial intelligence and machine learning to substitute a real human in a picture or video. After then, the content can be altered to pass incorrect and misleading information. During the early days of the Russian invasion, a deepfake of Ukrainian President Vlodomyr Zelensky appeared, imploring Ukrainians to lay down their arms.

Creating high-quality clones necessitates a significant investment in computational resources. A generative adversarial network is frequently used to construct them (GAN).

Deepfakes are growing increasingly complex, necessitating the development of accurate detection techniques for detecting altered material.

If you find one of these clips on YouTube, it’s likely that the channel’s past content has nothing to do with cryptocurrency. Many YouTube accounts were hijacked to promote these films, according to Bleeping Computer.

Fortunately, only $1,700 worth of crypto currencies has been deposited so far, indicating that not many people have fell for this fraud. However, if you come across a deal that seems too good to be true, it most likely isn’t. So keep your distance.

Sahil likes to use his great writing skills to curate articles about Crypto and KPOP here at Clout News.