Tanzanian billionaire Mohammed Dewji’s hacked social media promoted a pretend crypto, utilizing deepfake movies in a $1.48M crypto fraud.
Hackers just lately took management of Tanzanian billionaire Mohammed Dewji’s social media account to advertise a pretend cryptocurrency, scamming traders out of $1.48 million. Scammers approach with deepfake applied sciences produced movies displaying Dewji supporting the fraudulent “$Tanzania” token.
The Tanzanian businessman Dewji who leads METL Group because the CEO maintains an X follower base of two.2 million alongside together with his function as CEO of METL Group. By a stolen account he issued varied pretend messages which pushed folks to purchase the bogus token. Cybercriminals adopted their directions to customers for purchasing the fraudulent token whereas showing to run a real operation.
Dewji detected the safety break on February 5 and instantly reached out to X platform. Forbes confirmed that Dewji denied any reference to the cryptocurrency enterprise by an official assertion. After issuing his warnings, the scammers stored distributing misleading content material by his hacked account.
Hacked Social Media Fuels AI-Pushed Crypto Fraud with $Tanzania Token
The AI-recreated Dewji appeared in a deepfake video which offered him studying a sheet of paper with “$Tanzania” written on it as he occupied his residence workplace. A second video appeared to show Dewji had not been hacked whereas sustaining that the token distinguished as genuine. The fabricated video reached 30,000 viewers which allowed fraudsters to influence extra traders to hitch them.
Further deepfake movies appeared regardless of earlier deletion of some posts associated to the rip-off. The unauthorized account adjustment by hackers pressured customers to turn into unable to put up feedback or see warning messages. The whole rip-off ran wild as a result of it wanted additional time to propagate whereas authorities remained unable to fight it.
The cash loss exceeded $1.48 million as a result of traders fell for the fraud earlier than authorities found and prevented the scammers. The cybercrime dangers inside cryptocurrency proceed to escalate as a result of social media scammers and AI hackers prey upon simple targets on this market.
Dewji collectively together with his workforce stays devoted to retrieving his platform and share consciousness concerning the rip-off with public audiences. Traders have to train warning in accordance with specialists by checking info rigorously earlier than investing in cryptocurrencies.