Ontarian loses $1.7M in a crypto scam that used an AI video of Elon Musk to lure victims—here’s what happened
A Markham, Ontario resident thought she had found the investment opportunity of a lifetime, only to end up losing her life savings of $1.7 million to an intricate AI-deepfake crypto scam.
The woman, who goes by the pseudonym Denise to protect her identity, told CTV News’s W5 investigation team she saw a video on Facebook of billionaire Elon Musk promoting a lucrative investment opportunity (1). Denise initially transferred $250 to Musk’s alleged platform and was told she received US$30 (C$42) in profit two days later. She also explained how she received documentation showing that her investments were growing, which prompted her to take out a second mortgage on her home and invest hundreds of thousands of…
