CLAIM: President Ferdinand Marcos Jr. is blocking Elon Musk’s cryptocurrency platform in the Philippines.
RATING: FALSE
A deepfaked ABS-CBN News Patrol video surfaced on Facebook claiming President Ferdinand Marcos, Jr. was blocking Elon Musk’s cryptocurrency platform in the Philippines.
The altered video showed Musk allegedly saying in a forum that the Philippine government was “hiding his platform.”
Musk purportedly said that his platform could “help Filipinos earn millions of pesos per month with just an initial deposit of P15,000.”
It was followed by another deepfaked video of Marcos Jr. making a public statement that promotes the fraudulent crypto platform.
The video also contained a caption that read: “MISSED OPPORTUNITY OF THE YEAR: PBBM HID THE PLATFORM THAT COULD HAVE MADE EVERYONE RICH. FIND OUT HOW MUCH YOU’VE LOST – BEFORE IT’S TOO LATE.”
This is a potential scam, similar to another fact-checked incident in December 2024.
The original video was from a Feb. 19 ANC News Patrol episode. News anchor Stanley Palisada did not even mention anything related to Musk nor any cryptocurrency platform.
Musk’s footage was taken from Milken Institute’s May 2024 interview. The Tesla CEO did not mention the Philippine government and Marcos Jr. nor was he part of any known cryptocurrency trading platform as of writing.
The original video of Marcos Jr that was altered was from his address during the Department of Social Welfare’s 74th Anniversary last Feb. 18.
Marcos Jr. did not talk about cryptocurrency in his address.
PressOne.PH reminds the public to be vigilant and always verify information from suspicious sources.
The video has drawn 2,500 reactions, 915 comments, and 1,700 shares on Facebook. Hurt Allauigan
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