Three Canadian males reportedly misplaced a whole lot of hundreds of {dollars} after watching movies that purportedly confirmed outstanding figures vouching for a cryptocurrency funding scheme.
In keeping with CTV Information Toronto, Mohammad Haque got here throughout a video on social media that confirmed Prime Minister Justin Trudeau explaining how Canadians might generate positive aspects by investing in crypto.
Haque determined to place in cash beginning with 1,200 CAD ($880), however when he thought that he had amassed $424,775 from his investments, he found that his account was really empty.
The video he watched turned out to be a deepfake manipulated by synthetic intelligence (AI). Haque lost 226,000 CAD ($165,610) to the rip-off.
Darrell Budnick, who was defrauded of 130,000 CAD ($95,262), noticed an identical deepfake video. He thought he was making earnings after investing within the scheme however later realized that he couldn’t withdraw his funds.
“Proper now I’m panicking. I’ve a coronary heart situation that’s getting worse. It hurts. It’s scary. I assumed I used to be safe, and now I’m not.”
Giovanni Pugliano was additionally duped after watching a YouTube video that options Elon Musk saying individuals can begin investing in cryptocurrency with just some hundred {dollars} and turn into wealthy. The video was a hoax and Pugliano misplaced 17,000 CAD ($12,457).
“I ended up placing in much more than I anticipated and swiftly, I used to be broke.”
In keeping with the Canadian Anti-Fraud Centre, traders throughout the nation misplaced 148 million CAD ($108.45) to fraudulent funding scams within the first half of 2024. Nearly all of these schemes contain cryptocurrency.
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