GCD AI RADAR
incidents/AIR-2024-0019

Deepfake Elon Musk Videos Drive Billions in Investment Fraud

AI-enabled attack4 Confirmed real-world lossDeepfake fraud

Scammers leveraged AI voice cloning and video deepfakes of Elon Musk to promote fraudulent investment schemes across major platforms. The persistent campaign successfully defrauded many investors out of significant funds.

Details

type
AI-enabled attack
Attackers used AI as a meaningful part of a cyberattack against someone else.
categories
  • Deepfake fraud
    Synthetic voice, video or images used to impersonate people for fraud, extortion or access.
owasp llm top 10
no entry for these categories
mitre atlas
Both rows are derived from the type and categories (OWASP 2025 edition, ATLAS release 2026.09), not classified per record. How
severity
4 · Confirmed real-world loss
Financial loss, PHI/PII breach, safety impact or regulatory action.
targets
Individuals
products
YouTube, Social Media Platforms
incident date
14 Aug 2024
first reported
14 Aug 2024
origin
AI Incident Database
Derived from the AI Incident Database (CC BY-SA 4.0).
classifier confidence
0.95 · published at or above 0.80; see the methodology
tags
deepfake · crypto-scam · financial-fraud
record
created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z · json

Sources · 1

  1. 2024-08-14
    Deepfake Elon Musk Videos Have Reportedly Contributed to Billions in Fraud
    AI Incident Database · incidentdatabase.ai/cite/795

Titles and links belong to their publishers. The summary above is written by GCD AI RADAR in its own words; data is CC BY-SA 4.0.

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