Cybertrace warns of deep fake crypto scam featuring Aussie billionaire

Cybertrace’s CEO Dan Halpin speculates that the crypto scammers are likely well-versed in sales and marketing based on the “convincing” ruse.

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Cybersecurity firm Cybertrace has published a warning over a “convincing” deep fake video of Australian mining magnate and businessman Andrew “Twiggy” Forrest, seen promoting a fake crypto trading platform on social media.

The video emerged on Facebook, urging users to sign up for a fraudulent platform that purports to make “ordinary people” thousands of dollars daily. Potential victims are reportedly taken to a website called “Quantum AI,” which Cybertrace says has become a synonymous name associated with scams and financial fraud.

Cybersecurity firm Cybertrace’s CEO Dan Halpin commented to The Australian that he believes “people will be fooled by this deepfake” as the scammers appeared trained in sales.

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