Reported AI-Generated Deepfake Videos Impersonating Elon Musk and Dragon’s Den Allegedly Used in Cryptocurrency Investment Scam Targeting Canadian Victims
- Date of incident
- December 21, 2025
- Jurisdiction
- CA
- Sources
- 3 cited
- Last verified
- May 25, 2026
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.
What is reported
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.
Editorial note
factuality_score=90; 2 warnings; tags accepted as-is from pipeline
Sources
This record summarizes the cited reports. See the sources panel for the underlying URLs and archive copies.
Sources
- 01
- 02
- 03