Channel 7 in Australia is the latest crypto scam victim; Hackers used an AI-generated Elon Musk crypto scam to push a wallet drainer.
The worrying rise of celebrities being used to push crypto scams has taken a wild twist.
In the past 24 hours, the YouTube account for Channel 7 in Australia was hacked, resulting in the network’s YouTube channels streaming a Tesla channel with an AI Elon Musk.
The Rise of Scammers Getting Creative With The Use Of AI
Videos were replaced with a live video of Musk with an AI-generated version of his voice telling users to go to a website to deposit various digital assets, such as Ethereum, Dogecoin, or Bitcoin.
“We have done everything to make the process safe; take advantage of this unique opportunity and double your assets now,” AI Elon said in the videos.
Anyone unfortunate enough to go to the website and connect their wallet would immediately have their assets drained in this, unfortunately, increasingly common scam.
I saw this on YouTube early this morning. Today media are reporting a hack of 7west. All channel 7 accounts were running this livestream with Elon asking you to deposit cryptoband have it doubled. Thousands of people were watching the one I went into. I wonder if many people… pic.twitter.com/WdGh7wFoBO
— Francynancy (@FranMooMoo) June 27, 2024
In relation to the Elon Musk crypto scam, a spokesperson for Channel 7 said they were “aware” some of their channels were not appearing “as they should”.
“Seven is investigating and working with YouTube to resolve the situation as soon as possible,” the spokesperson from the Australian-based news channel said. When attempting to access the videos, they have now been replaced by the following error message, “pages are unavailable”.
DISCOVER: The Best Meme Coins to Buy in July 2024
Elon Musk Crypto Scam Highlights Worrying Rise In Hacked Social Media
These grifts are evolving daily, and the use of AI to facilitate scams is a fresh worry.
Recently, celebrities such as 50 Cent and Hulk Hogan have had their social media accounts hacked. The hackers then use the accounts to push scam crypto tokens, leading many to assume that the celebs are endorsing these scam tokens.
Unsurprisingly, the scammers quickly rug-pull all of the tokens.
Just yesterday, heavy metal legends Metallica were the latest victims of this scam. The hackers were quite clever in their approach, as they announced that the scam token, METAL, was launched in partnership with Ticketmaster and crypto payments platform MoonPay.
crypto is such an unmitigated dumpster fire that I’m actively rooting for the people hacking Metallica’s Twitter account since scams are literally the only thing it’s been proven to be good for pic.twitter.com/Pu7HWUpIjx
— Kristi Yamaguccimane (@TheWapplehouse) June 26, 2024
This Elon Musk Crypto scam hack on the Channel 7 YouTube account is another step in the evolution of these scams.
Hacking a news channel and subsequently using an AI-generated Elon Musk to direct people toward a malicious website shows the ingenuity of these bad actors.
EXPLORE: BaseDawgz Storms Past $2 Million Raise During Presale With Many Betting On It As The Next PEPE!
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
