Tesla CEO Elon Musk has replied to a deep fake video in which he appears to be endorsing a phony cryptocurrency scheme. In a recent tweet, the billionaire insisted that it was definitely not him. The deep fake video, which went viral on Twitter earlier this week, is intended to persuade investors to invest in a trading platform that offers 30% returns on bitcoin deposits.
Introduction To The Deep Fake Video
Elon Musk is seen on the set of a TED lecture dated April 15, 2022, in which he discusses Twitter, Tesla, and other issues, in the claimed deep fake video. Musk claims to be creating a new bitcoin trading platform with a 30 percent profit guarantee.
Deeply fabricated videos of other well-known bitcoin figures ostensibly advocating the same idea have recently been posted to freshly created and hacked YouTube channels. Among them are Changpeng Zhao, the CEO of Binance, Cathie Wood, the CEO of Ark Invest, and others. The multimedia’s production is absurdly bad, thus the video contributes little to the reality of the overall ordeal.
Many Dogecoin supporters grumbled about the poor quality of the video, claiming Musk’s speech was robotic and unintelligible. This is a bad deep fake, one Twitter user said. Anyone who falls for such a hoax, according to Billy Markus, a co-founder of Dogecoin, deserves to lose their money.
A deepfake is a piece of media that replaces a genuine human in an image or video using artificial intelligence and machine learning. The content can then be changed to convey inaccurate and misleading information. A deepfake of Ukrainian President Vlodomyr Zelensky appeared in the early days of the Russian invasion, asking Ukrainians to lay down their arms.
How Does Deepfake Operate And What Is It
Creating high-quality clones needs a substantial investment in computing power. They are frequently built using a generative adversarial network (GAN). Deep Fakes are becoming more complicated, necessitating the development of precise detection systems for manipulated material.
If you come across one of these videos on YouTube, chances are the channel’s previous content has nothing to do with cryptocurrencies. According to Bleeping Computer, many YouTube accounts were used to advertise these flicks. Fortunately, just $1,700 in cryptocurrency has been deposited so far, indicating that few people have been duped by this scam. However, if an offer appears to be too good to be true, it almost certainly is. So stay a safe distance away.
ALSO READ: Zcash Price Analysis: Is it the Time for ZEC to Skyrocket amid the Bear Market?
thecoinrepublic.com
