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Elon Musk Deepfake Used by Hong Kong Crypto Startup, Claims to Be Lead Developer: Tech: Tech Times
A new deepfake of Elon Musk has surfaced online and was used by a Hong Kong-based cryptocurrency exchange startup that claimed the famous billionaire is its lead developer.
The Securities and Futures Commission in Hong Kong has warned against the massive circulation of deepfake scams, claiming that Quantum AI or Quantum AI is resorting to this trick.
Over the many years of cryptocurrency, many have used Elon Musk as the face of cryptocurrencies, offering fake investment opportunities or promotions that deceive users.
Elon Musk Deepfake Used by Hong Kong Crypto Startup
(Photo: Michael M. Santiago/Getty Images) The Securities and Futures Commission (SFC) of Hong Kong issued a warning last week regarding a growing crypto scam using a deepfake of Elon Musk to reiterate his involvement in the company.
This is noted by Quantum AI, a new crypto exchange company that claims to use AI technology for its services offered to the general public.
The SFC revealed the scammers’ websites, saying their operations are not legitimate and that they also have dedicated scammers Facebook groups.
Additionally, they went so far as to launch a news website featuring Musk in a deepfake interviewtalking about his investment in the latest crypto startup.
Read also: Elon Musk’s automatic changes to X URLs raise fears of scams among social media users
The real Elon Musk is not its lead developer
It was reiterated by the SFC that the real Elon Musk has no connection to the group and that all promotional content regarding his platform is fake.
Authorities also said the group is fraudulent and engages in deceiving the public into harmful investments.
The SFC and the Hong Kong Police Force have taken several actions to block access to its websites and social media pages.
Elon Musk’s Deepfake in Cryptocurrencies
There’s something about Elon Musk and cryptocurrency, which is why he’s been the face of rampant deepfake cryptocurrency scams online lately.
At one point, Musk criticized Twitter, when he didn’t yet own it, for allowing such scams that use his name to promote their dubious campaign, even going so far as to calling it “broken” for a fake Bitcoin promotion.
Furthermore, there was also a time when a Bitcoin scam once again used the tech CEO’s name, but this time it was launched on Facebook, which is centered around a fan account of the executive.
Despite being fake and a fan account sharing Bitcoin scam links, Meta’s Facebook verified the accountgiving it the blue check and making it seem legitimate.
Musk’s passion for cryptocurrency and the reception of his own idea, especially his numerous incidents where he was mistaken for the creator of Dogecoin, are the reasons why he is the face of crypto scams.
This new Hong Kong-based startup, aka Quantum AI, is once again using the CEO, but authorities have since warned the public that it is a scam.
Related article: Elon Musk’s Neuralink Crypto Token Scam: Scammers Use Deepfaked Videos and Pictures of Billionaires!
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