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A Russian cybersecurity firm has alerted that con artists are utilizing a new deepfake crypto scam bot featuring Donald Trump.
According to RBC, the information originated from FACCT (Fight Against Cybercrime Technologies), a company based in Moscow that specializes in developing solutions to combat cyberattacks.
Trump Deepfake Crypto Scam Bot: Scammers Targeting TikTok?
FACCT reported that it had identified a bot circulating on a widely used chat application that enables users to “create deepfakes” using “the likenesses of well-known individuals.”
The firm indicated that this bot can generate deepfake videos that include the US President-elect.
Donald Trump’s foreign policy team will aim to intensify sanctions on Tehran, including crucial oil exports, as soon as the president-elect returns to the White House https://t.co/xKnF6mVSZ2 pic.twitter.com/3nuoKUgzhs
— Financial Times (@FT) November 17, 2024
Fraudsters can also allegedly utilize the bot to produce fake videos featuring entrepreneur Elon Musk and American journalist Tucker Carlson.
The security firm noted that the bot generates video and audio files themed around Trump, Musk, and Carlson, incorporating “any text, up to 400 characters long.”
The company stated that the deepfake-generating bot is “intended for an English-speaking audience.” Furthermore, it mentioned that scammers will employ it to “create advertisements for fraudulent crypto exchanges.”
It added that these videos are beginning to appear on “TikTok, YouTube, and various other social media platforms.”
Elon Musk’s social media platform X has filed a lawsuit to prevent a California law aimed at limiting AI-generated misleading election content on social media https://t.co/vKkD5HuGvj
— Bloomberg (@business) November 15, 2024
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Three Categories of Scam
The company further elaborated that crypto fraudsters are currently concentrating on three categories of scams.
The first type, it noted, involves “fake crypto exchanges and fraudulent brokers.” This method sees “scammers compel their victims to transfer” tokens to their wallets before disappearing with their assets.
A second category of scam is referred to as the “crypto predator,” according to FACCT. This involves tricking victims into clicking links that install malicious software, “thus gaining access to their crypto wallets.”
The third type, the security firm stated, consists of “scam tokens, coins that users can purchase but can never sell.”
Cryptonews.com has also observed materials seemingly promoting crypto-related gambling scams targeting Chinese speakers on Telegram in recent days.
Many of these materials utilize what appear to be fake videos and images of both Trump and Musk, inviting users to join private chat app “rooms.”
The Biden administration permitted Ukraine to utilize US-made weapons to strike deep into Russia, marking a significant shift in Washington’s policy regarding the conflict https://t.co/L73NDJzXEB pic.twitter.com/Ca6Cs0SkFn
— Reuters (@Reuters) November 18, 2024
The Russian Central Bank has issued several warnings to the public this year, asserting that the country is experiencing a significant increase in crypto scams.
Additionally, the bank is observing a rise in scams related to the digital ruble, as it prepares to launch its CBDC nationwide next year.
The post Russian Firm Warns of New Trump Deepfake Crypto Scam Bot appeared first on Cryptonews.
