Deepfake Elon Musk Videos Drive Billions in Investment Fraud

# Deepfake Elon Musk Videos Drive Billions in Investment Fraud

https://gcdradar.vercel.app/incidents/deepfake-elon-musk-videos-drive-billions-in-investment-fraud · AIR-2024-0019 · closed 2024-08-28

- Lane: Breaches & attacks
- Severity: 4 (Confirmed real-world loss)
- Fix status: No fix needed
- First reported: 2024-08-14
- AI role: AI-enabled attack
- Products: YouTube, Social Media Platforms

## Summary

Scammers leveraged AI voice cloning and video deepfakes of Elon Musk to promote fraudulent investment schemes across major platforms. The persistent campaign successfully defrauded many investors out of significant funds.

## What to do

No action recorded; read the sources below and the vendor's advisory.

## Latest updates

- 2024-08-14: Deepfake Elon Musk Videos Have Reportedly Contributed to Billions in Fraud (https://incidentdatabase.ai/cite/795)

## Sources

- 2024-08-14 AI Incident Database: Deepfake Elon Musk Videos Have Reportedly Contributed to Billions in Fraud https://incidentdatabase.ai/cite/795

Verify against the vendor's advisory before changing production. Data CC BY-SA 4.0, https://gcdradar.vercel.app.