DeepfakeHigh
Reported AI-Generated Deepfake Videos Impersonating Elon Musk and Dragon’s Den Allegedly Used in Cryptocurrency Investment Scam Targeting Canadian Victims
- Occurred
- Dec 21, 2025
- Published
- Dec 29, 2025
- Source
- AI Incident Database
Summary
Two Canadian investors in Ontario and Prince Edward Island reportedly lost a combined $2.3 million after being deceived by purportedly AI-generated deepfake videos impersonating Elon Musk and the television program Dragon's Den. The reported videos and fabricated online dashboards allegedly persuaded the victims to transfer funds into a fraudulent cryptocurrency investment scheme that displayed fake profits and blocked withdrawals.
Developers
- Deepfake technology developers
- Synthetic audio generation technology developers
Deployers
- Scammers impersonating Elon Musk
- Scammers
Harmed parties
- Unnamed resident from Prince Edward Island
- Unnamed resident from Markham, Ontario
- General public of Canada
- General public
- Elon Musk
- Dragon's Den
- Canadian investors
- Epistemic integrity
Classification
Category confidence: 95%
Severity confidence: 90%
Rationale: AI-generated deepfake videos were used to deceive victims into a cryptocurrency scam causing significant financial loss.
Classifier: Qwen/Qwen3.5-35B-A3B-FP8