Cybertrace raises alarm over deep fake crypto scam involving Australian tycoon Andrew Forrest
Cybersecurity experts at Cybertrace have issued an alert concerning a sophisticated deep fake video featuring Australian mining tycoon and entrepreneur Andrew “Twiggy” Forrest endorsing a fraudulent crypto trading platform on social media. The deceptive video, discovered on Facebook, entices viewers to join a sham platform named “Quantum AI,” promising substantial daily earnings for “ordinary people.” Cybertrace identifies Quantum AI as a term frequently linked with scams and financial deceit. Dan Halpin, CEO of Cybertrace, expressed concerns to The Australian, suggesting that the deep fake’s convincing nature, attributed to its length and sales-oriented repetition, could easily mislead individuals. The counterfeit video manipulates Forrest’s appearance and mannerisms from a Rhodes Trust “fireside chat” in October, showcasing him promoting a fraudulent crypto trading software. Cybertrace Investigators have identified a #...