Scammers Use Deepfakes of Apple CEO to Promote Cryptocurrency Fraud
Cryptocurrency scams are becoming increasingly sophisticated, with recent incidents involving deepfake technology reaching new heights.
During Apple’s iPhone 16 launch event, scammers used deepfake videos of Apple CEO Tim Cook on YouTube to deceive viewers.
In these fabricated broadcasts, AI-generated images of Cook urged viewers to send various cryptocurrencies, including Bitcoin, Ethereum, Tether, and Dogecoin, to specific addresses, promising to return double the amount. The videos falsely portrayed Cook endorsing this scam.
READ MORE: August 2024 Sees $310 Million Crypto Loss Amid Major Hacks and Scams
YouTube has since confirmed the scam, promptly removing the videos and shutting down the associated accounts. The platform has advised users to report any similar content using its official tools.
This incident underscores the risks posed by deepfake technology and the need for enhanced digital security measures. It also reflects a troubling trend of scammers becoming more audacious, as evidenced by a similar incident in June involving deepfake videos of Elon Musk on Australia’s Seven Network.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
