According to BlockBeats, a recent scam on YouTube has been impersonating Elon Musk to defraud users of their cryptocurrency. Over the past three days, scammers have been running a fake 'Bitcoin 2024' live stream, tricking viewers into sending their crypto assets with the promise of receiving double the amount in return.
The fraudsters utilized AI-generated deepfake technology to create a convincing impersonation of Elon Musk. One particular video managed to swindle over $28,000 worth of cryptocurrency from unsuspecting users. The scam employed the classic 'double your funds' tactic, where users were enticed to send any amount of cryptocurrency with the assurance that they would receive twice the amount sent.
