GCD AI RADAR
incidents/AIR-2025-0188

Deepfakes of Elon Musk and Dragons Den Defraud Canadian Investors of $2.3 Million

AI-enabled attack4 Confirmed real-world lossDeepfake fraud

Fraudsters deployed synthetic deepfake videos of Elon Musk and the show Dragons Den alongside fake trading portals to lure investors. Two Canadian victims lost a combined $2.3 million after their funds were stolen.

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
incident date
21 Dec 2025
first reported
21 Dec 2025
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-fraud · impersonation · canada
record
created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z · json

Sources · 1

  1. 2025-12-21
    Reported AI-Generated Deepfake Videos Impersonating Elon Musk and Dragon’s Den Allegedly Used in Cryptocurrency Investment Scam Targeting Canadian Victims
    AI Incident Database · incidentdatabase.ai/cite/1325

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