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Home » Scammers create a Tim Cook deepfake during iPhone 16 launch to promote crypto fraud

Scammers create a Tim Cook deepfake during iPhone 16 launch to promote crypto fraud

Van Tran by Van Tran
September 11, 2024
in Business
Scammers create a Tim Cook deepfake during iPhone 16 launch to promote crypto fraud
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During Apple’s ‘Glowtime’ event on September 9, where they unveiled new iPhone models, scammers took advantage of the occasion.

While waiting for the Apple Event, a crypto scam stream has impersonated the event on Youtube with a AI modified video of Tim Cook convincing the audience to buy Crypto. @YouTube ???? pic.twitter.com/bt6mPw5Djl

— Aadit Doshi | HundredStar Games (@AaditDoshi) September 9, 2024

YouTube was flooded with fake livestreams featuring AI-generated versions of Apple CEO Tim Cook. These streams were designed to exploit the high viewer count surrounding the iPhone launch to promote fraudulent cryptocurrency schemes.

Tim Cook deepfakes promote fake crypto doubling scheme

The videos featured a deepfake of Tim Cook encouraging viewers to participate in a “double-your-money” scam. The fake Cook claimed that after making a cryptocurrency deposit, users would receive double the amount back.

Scammers asked viewers to send various cryptocurrencies, such as Bitcoin, Ethereum, USDT, and Dogecoin, to a provided “contribution address,” promising to return twice the amount deposited.

Fake livestreams gain traction on YouTube

Some of these fraudulent streams appeared on channels that looked like official Apple accounts, with some even displaying verification badges to trick viewers.

YouTube responded quickly to the incident. In a post on X on September 9, the platform acknowledged the scam and urged users to report suspicious content. The fraudulent videos and related accounts were subsequently taken down.

This isn’t the first time such scams have occurred. Similar deepfake crypto schemes have targeted prominent figures and events, including SpaceX launches featuring Elon Musk and Ripple CEO Brad Garlinghouse.

The Apple scam occurred during the launch of the iPhone 16 series, which included new pro and max models, as well as other products like the Apple Watch, AirPods, and Apple’s AI-powered intelligence features.

Tags: Feature
Van Tran

Van Tran


EDUCATION
Bachelor of Finance, University of Virginia
SUMARY Van Tran brings over a decade of experience in the financial services industry, with a specialisation in cryptocurrency. She used to serve as a Senior Crypto Writer at Coin68, where she managed ecosystem and trading guide columns and led the trading department. Her expertise includes trade review, compliance, suitability evaluation, and supervisory programs.
EXPERIENCE
Senior Crypto Writer, Coin68 (2020-2022) Managed ecosystem and trading guide columns. Led the trading department, overseeing trade review and compliance. Evaluated suitability and ensured compliance with education requirements. Implemented and supervised compliance programs for representatives.

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