Scammers hijacked a YouTube livestream tied to a Tesla flying car demo and used deepfake technology to show a fake Elon Musk. The deepfake promoted a cryptocurrency giveaway based on a send-and-receive scheme, with a QR code encouraging viewers to send digital assets. By the time Coinbase’s scam-prevention chat agent intervened, the stream had already attracted more than 500,000 viewers. Coinbase specialists Viktor Bunin and Will Megson said the tool prevented 99% of users from engaging with the fraud. The figure, claimed by the company in a demonstration, has not yet been confirmed by independent real-world data.
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