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Bank of England warns of scams after fake video shows brawl with Reform UK's Farage

The posts link to fake investment pages, and users reported seeing the adverts a million times, the Bank of England said.

  • On Tuesday, Reform UK leader Nigel Farage and Bank of England Governor Andrew Bailey condemned deepfake videos circulating on Elon Musk's X platform, which falsely depict them brawling on the BBC show 'Question Time'.
  • These fake advertisements link to fabricated BBC News articles promoting investment schemes falsely claiming to turn £250 into £1 million within 11 weeks.
  • Investigators from charity Full Fact uncovered around 100 similar posts generating more than 380,000 total reactions, suggesting many are falling for false narratives "churned out at an industrial scale."
  • Cybersecurity experts at Bitdefender identified the campaign as a "global, co-ordinated investment scam ecosystem" linked to Russian-language criminal scammers, while the Bank of England reported the videos to X.
  • Experts warn these posts represent a trend to "weaponise empathy" and drive engagement, while Tech Secretary Liz Kendall expressed concern about digital replicas undermining public trust in what citizens see online.
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  • 46% of the sources lean Left
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Bloomberg broke the news in New York, United States on Monday, June 8, 2026.
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