Scammers are now using deepfakes of celebrities , journalists , and NFT projects to convince people to send over various cryptocurrencies . One of note was a video online showing Elon Musk promoting an apparent cryptocurrency scam called BitVex .

To combat the rise of this technology as a means of scamming people , companies across the globe have greeted solutions to ensure deepfake technology cannot be used as a tactic in a cyber attack .

Twitter and Facebook have officially banned the use of malicious deepfakes , while Google has been working on text-to-speech conversion tools to verify speakers .

12 July 2022