Description: Cybertrace reportedly identified a purported deepfake of Australian billionaire Andrew Forrest circulating on Facebook on January 27, 2024, falsely depicting him endorsing a fraudulent crypto platform called Quantum AI. The video reportedly altered footage from a 2023 Rhodes Trust talk. Forrest reportedly condemned Meta for failing to curb AI-generated frauds.
Editor Notes: Timeline note: This incident was reportedly discovered on 01/27/2024. It was first added to the database as part of the Incident 1236 "Quantum AI" scam cluster on 10/30/2025. It was assigned its own incident ID on 11/08/2025.
Entities
View all entitiesAlleged: Deepfake technology developers and Synthetic audio generation technology developers developed an AI system deployed by Scammers impersonating Andrew Forrest , Scammers and Quantum AI, which harmed Investors , General public of Australia , General public , Facebook users , Epistemic integrity , Australian investors and Andrew Forrest.
Alleged implicated AI systems: Synthetic audio generation technology developers , Facebook , Meta and Deepfake technology
Incident Stats
Risk Subdomain
A further 23 subdomains create an accessible and understandable classification of hazards and harms associated with AI
4.3. Fraud, scams, and targeted manipulation
Risk Domain
The Domain Taxonomy of AI Risks classifies risks into seven AI risk domains: (1) Discrimination & toxicity, (2) Privacy & security, (3) Misinformation, (4) Malicious actors & misuse, (5) Human-computer interaction, (6) Socioeconomic & environmental harms, and (7) AI system safety, failures & limitations.
- Malicious Actors & Misuse
Entity
Which, if any, entity is presented as the main cause of the risk
AI
Timing
The stage in the AI lifecycle at which the risk is presented as occurring
Post-deployment
Intent
Whether the risk is presented as occurring as an expected or unexpected outcome from pursuing a goal
Intentional
Incident Reports
Reports Timeline
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A doctored clip of Australian mining magnate and businessman Andrew "Twiggy" Forrest on Facebook represents the newest addition to a series of deepfakes hijacking images of figures in deceptive advertisements, eroding trust in the media.
Cy…
Variants
A "variant" is an AI incident similar to a known case—it has the same causes, harms, and AI system. Instead of listing it separately, we group it under the first reported incident. Unlike other incidents, variants do not need to have been reported outside the AIID. Learn more from the research paper.
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