Elon Musk’s $20 Million Crypto Giveaway Is Fake, Says Experts

This incident highlights the increasing danger of fake video and AI, which can replicate voices and alarming precision.

Musk has not commented on this incident. However, his name is often aimed in online scams, such as fake crypto giveaways, increasing current concerns among his followers

The website on which the video was posted, Elon4u.com, is under scrutiny, with experts giving advice to keep away from suspicious links and report harmful content to avoid further scams.

The chief executive officer of Tesla, Elon Musk has announced a giveaway of $20 million in cryptocurrency through a video

In the video, Musk stated that I will be doing a $20 million crypto giveaway at Elon4u.com for one week starting December 13. He has also requested viewers to act swiftly. The video says Musk reassured its viewers that the process is simple and fast

Although, the video was said to be deepfake. Dogedesigner, a very famous crypto community figure warned followers on X saying that Elon Musk and his companies are not involved in any crypto giveaways. Also, do not fall for scammers, and stay safe

The deepfake video

The post alerted users against being misled by the fake video. This incident highlights the increasing danger of fake video and AI, which can replicate voices and alarming precision. They alerted the users to support such claims by trusted sources

Some crypto hacks often include famous personalities like Musk to show authenticity and have been gradually increasing in recent years. Having deepfake technology makes it more advanced and complicates it to distinguish genuine content from fake ones. Also, the manipulation makes it harder for the normal public

However, Musk has not commented on this incident. His name is often aimed in online scams, such as fake crypto giveaways, increasing current concerns among his followers

Website under scrutiny

The website on which the video was posted, Elon4u.com, is under scrutiny, with experts giving advice to keep away from suspicious links and report harmful content to avoid further scams

Recently, Elon Musk is drawing attention to the SEC battle. In the battle, he drew criticism from the legal chief officers of Ripple, Vivek Ramaswamy and Chamath Palihapitiya. The officers have accused the regulator of corruption

Musk has also recently been appointed as the head of the Department of Government Efficiency (DOGE). The appointment also made a buzz around the industry as it helped in soaring the prices of cryptocurrency, specifically Dogecoin