Codex/AI-Powered Scams/Deepfake Video Scam
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AI-Powered Scams

Deepfake Video Scam

High Risk

AI-generated videos impersonating celebrities, executives, or trusted figures to promote fake investments, crypto scams, or giveaways.

Reported Losses

Part of $4.6 billion in investment fraud (2024)

Primary Targets

Social media users, investors, crypto enthusiasts

Last Updated

2026-01-06

Also Known As

Celebrity Endorsement Scam

How Scammers Contact You

Social media adsYouTubeTikTokFacebook

How This Scam Works

AI technology can now create convincing fake videos of anyone, making it appear they're saying things they never said.

**Common uses:** 1. **Fake Celebrity Endorsements**: Elon Musk "promoting" a crypto giveaway 2. **Fake CEO Messages**: A company executive announcing a partnership or dividend 3. **Political Manipulation**: Fake speeches or statements 4. **Fake News Anchors**: AI-generated "journalists" promoting scams 5. **Romance Scam Enhancement**: Video "proof" the person is real

**How to spot deepfakes:** - Unnatural blinking or eye movement - Fuzzy borders around the face - Odd lighting or shadows - Audio doesn't quite sync with lip movements - Strange hand movements or gestures

Red Flags to Watch For

  • ⚠️Too-good-to-be-true investment opportunity endorsed by celebrity
  • ⚠️Request to send crypto to "double your money"
  • ⚠️Video quality is slightly off — fuzzy edges, odd movements
  • ⚠️Audio doesn't quite match lip movements
  • ⚠️Endorsement isn't mentioned on the person's official accounts
  • ⚠️Link goes to unfamiliar website, not official company
  • ⚠️Urgency — "Limited time offer"

📝 Real Victim Account

"I saw a video on Facebook of Elon Musk saying Tesla was giving away Bitcoin — just send some first to verify your wallet. It looked exactly like him. I sent 0.5 Bitcoin ($20,000) to get 1 Bitcoin back. I got nothing. The video was completely AI-generated."

CNBC Report on Deepfake Scams

How to Protect Yourself

  1. 1Verify any endorsement on the celebrity's official channels
  2. 2No legitimate company or person will ask you to send crypto first
  3. 3Look closely at the video for unnatural movements
  4. 4Don't trust video alone as proof of identity
  5. 5Research any investment opportunity independently
  6. 6Be especially skeptical of crypto "giveaways"

🆘 What to Do If You're a Victim

  1. 1Stop all investment immediately
  2. 2Do not send any more money or crypto
  3. 3Report the video to the social media platform
  4. 4Report to FTC at ReportFraud.ftc.gov
  5. 5Report crypto scams to FBI IC3 at ic3.gov
  6. 6Be aware of recovery scams targeting victims

🔗 Related Scams

📚 Sources & References

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