The name of Elon Musk, the legendary Tesla founder, has been used yet again on Twitter to execute cryptocurrency scams. This time, it was an organized operation. More than a dozen verified accounts were hacked. Even accounts from United States politicians were compromised.
Elon Musk Cryptocurrency Mania
Once again, Elon Musk’s name was used to carry out a Twitter scam. A tweet from a hacked account with the name of Elon Musk was supposedly starting a huge giveaway: it would give away 10,000 bitcoin. The only caveat? Interested readers would first have to send from 0.3 to 1 bitcoin to the designated address.
While Musk has been playing with his account lately out of boredom, he has not offered to seriously give away bitcoin. Still, some were undoubtedly convinced by the verified mark of the account, with the name and the avatar being the same. But a little look at the Twitter handle lets anyone know the account was not legitimate.
Twitter Accounts Taken
There were multiple Twitter verified accounts hacked to make fake Elon Musk-related scam threads. Other celebrity or well known accounts were also compromised, including politicians from the United States.
The tweets were all formulated with the same structure: they would claim that they had sent an amount of bitcoin and received lots more, giving credibility to the Tweet of the fake giveaway.
Supposedly the wallet address had received more than $170k dollars in the afternoon, according to Slate.
Twitter Scam Problems
This is not the first time Twitter has faced account hacking problems. All this year, Twitter has been battling with an epidemic of cryptocurrency scam bots that post on notable cryptocurrency accounts, asking for Ethereum. Coincidentally, Elon Musk referred to the cryptocurrency spambot epidemic before, answering to a Twitter comment saying that he wanted to know who is running the Ethereum scam bots.
The scams are so many in number, Twitter has decided to block any account that changes its name to Elon Musk. Scammers have also rendered this measure useless by replacing the l in Elon by other look-alike characters.
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