Elon Musk’s $20 million crypto giveaway video goes viral: Here’s why you need to stay away from it

A deepfake video of Elon Musk endorsing a fake $20 million crypto giveaway is going viral, causing widespread confusion and concern. Sharing the video on X (formerly Twitter), DogeDesigner posted: “BREAKING: A deepfake of Elon Musk promoting a $20 million crypto giveaway is going viral.” The post further warned: “Elon Musk and his companies are NOT running any crypto giveaways. Don’t fall for scams! Stay safe.”
In the video, Elon Musk can be seen saying “Here’s a surprise for everyone. I’ll be doing a $20 million crypto giveaway at Elon4u.com for one week starting on December 13.” He further adds “ If I am serious? Yes, go to Elon4u.com. It’s just a few quick steps that shouldn’t take longer than three minutes”.