The Morning After: Elon Musk deepfakes are pushing crypto giveaways

Would the owner of X give away crypto on YouTube?


It’s been a weekend of crypto scams, hacks and deepfake chaos. Late on Friday, someone hacked 50 Cent’s accounts to push memecoin GUNIT and made off with millions. The exact amount is unclear; Fiddy himself wrote on Instagram, “whoever did this made $3,000,000 in 30 minutes.” The rapper’s X account and website were hacked at the same time.

Then, multiple deepfakes of Elon Musk were spotted on YouTube, telling viewers to deposit their crypto on a suspicious website, promising free crypto in return. Now taken down, the looped video showed Musk at what looked like a livestream from a Tesla event, with an AI-generated version of his voice instructing viewers to visit a website and deposit their Bitcoin, Ethereum or Dogecoin to enter the competition. Over 30,000 viewers tuned into the stream at one point, pushing it to the top of YouTube’s Live Now recommendations.

Don’t take investment advice from rappers and social media network owners.

— Mat Smith

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