AI-generated deepfake video falsely portrays Tony Elumelu endorsing crypto platform
An AI-generated deepfake video falsely showed Tony Elumelu endorsing a forex and cryptocurrency trading platform. Elumelu publicly disowned the video and warned of growing risks to digital trust, calling for stronger regulatory safeguards against AI-driven fraud.
What happened
An AI-generated deepfake video falsely portrayed Tony Elumelu endorsing a forex and cryptocurrency trading platform. Elumelu's team flagged the video, which he described as appearing realistic but being completely fabricated.
Reported impact
Elumelu warned the public about the growing risks of AI misuse and the threat to digital trust posed by the incident. He urged the public to remain vigilant and protect themselves from digital fraud.
Index analysis
Elumelu emphasised that he has no affiliation with any cryptocurrency or foreign exchange trading platforms and that his commitment to prosperity has been through long-term investments and empowering entrepreneurs.
Governance controls
Elumelu called on policymakers and regulators at local and international levels to establish safeguards and hold those using AI to scam people accountable. He stressed the need to create a safe digital environment where innovation can thrive without being overshadowed by fraud.
Classification
Sources and evidence
Sources not yet published
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