HISPI Project Cerebellum HISPI PROJECT CEREBELLUM

Chinese-Backed Operation Reportedly Used AI-Generated Deepfake Videos of Indian Stock Experts in Investment Fraud Campaign

July 1, 2025

Mumbai Cyber Police uncovered a sophisticated investment fraud campaign involving purported deepfake videos of Indian stock market experts, circulated on social media as paid promotions by Valueleaf in Bengaluru, allegedly contracted by First Bridge, a Hong Kong company. The misleading videos reportedly contributed to the scheme between July 1 and July 18, 2025. Four individuals were arrested.

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Alleged deployer
valueleaf, first-bridge
Alleged developer
unknown-deepfake-technology-developers, unknown-voice-cloning-technology-developers
Alleged harmed parties
unnamed-indian-stock-market-experts, indian-investors, investors, general-public-of-india

Source

Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/1235

Data source

Incident data is from the AI Incident Database (AIID).

When citing the database as a whole, please use:

McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.

Pre-print on arXiv · Database snapshots & citation guide

We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.