June 26th, 2024

Fake Elon Musk livestreams promoting crypto scams keep popping up on YouTube

Scammers exploit YouTube with fake Elon Musk videos promoting cryptocurrency scams. Broadcasts feature manipulated content, hijack channels, and use SpaceX themes, persisting despite prevention efforts. The issue targets high-profile figures and may continue.

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Fake Elon Musk livestreams promoting crypto scams keep popping up on YouTube

Scammers are exploiting YouTube by live streaming fake videos of Elon Musk to promote cryptocurrency scams. These fraudulent broadcasts feature Musk speaking at events with looped real video and either AI-generated or generic audio. The scammers use on-screen graphics to portray the event as a live talk about cryptocurrency, including links to the scam. They often hijack subscribed channels with large audiences, changing the channel name to appear official. Despite efforts to combat these scams, they persist, with scammers adapting strategies, like using SpaceX themes. This problem has been ongoing for years, with scammers even targeting Apple co-founder Steve Wozniak in the past. YouTube's algorithm may inadvertently promote these fake streams, potentially reaching a mix of real viewers and bots. The prevalence of these fake YouTube livestream schemes suggests they will likely continue in the future.

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Link Icon 1 comments
By @tslocum - 4 months
The linked article is two days old, yet YouTube is still full of these scam live streams. See for yourself:

https://www.youtube.com/results?search_query=tesla+unveils+a...

Considering how ruthless the automated copyrighted content detection is at YouTube, do we really believe Google is incapable of automatically detecting and removing these scam live streams, let alone manually removing them?