Fake Elon Musk Livestreams on YouTube Promote Crypto Scams

Deepfake videos and hijacked accounts lure viewers into fraudulent cryptocurrency schemes.

Scammers use deepfake technology and real footage of Elon Musk to create convincing livestreams.
These livestreams often appear on hijacked, verified YouTube channels with large followings.
Viewers are urged to deposit cryptocurrencies with promises of doubling their investment.
Recent scams have leveraged events like Tesla announcements and SpaceX launches.
YouTube has removed several of these streams after reports, but the trend persists.