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Bitcoin scams scam bigger payday when a man loses $ 560,000 to forge Elon Musk

The BBC reported that a scammer disguised as Elon Musk left for $ 560,000.

After watching the series on Netflix with his wife at home in Cologne, Germany, he was sitting on the couch looking at his cell phone. He then received a Twitter notification that appeared to be from Elon Musk, as explained by the BBC.

“Mask tweeted,’Dojo 4 Doge?’,” The man told the BBC, referring to the cryptocurrency Dogecoin. “There was a link to a new event below, so I clicked on it and saw him handing out Bitcoins!”

He then followed a link to a legitimate website that “looked like Bitcoin giveaways were in full swing,” according to the account.

Fake competition has invited participants to send up to 20 Bitcoins (well over $ 1 million), and they will double their money. (Reuters / Benoitessier / Illustration)

Fake competition has invited participants to send up to 20 Bitcoins (well over $ 1 million), and they will double their money. The man bet on the farm and sent 10 bitcoins (about $ 560,000 at the time) after thinking he had seen the logo (actually a fake) next to the musk name.

According to the BBC, he was relieved that the scammer posted a reply using almost the same profile as Elon Musk.

But the money never came. At that time, he realized it was a scam and he lost his early retirement fund.

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The BBC quoted Whale Alert, which tracks cryptocurrency transactions, and said it was the most lost in a single transaction to date.

According to Whale Alert, scammers have already earned $ 18 million in the first three months of this year and $ 16 million in all 12 months of 2020.

Scammers have already earned $ 18 million in the first three months of this year.

Scammers have already earned $ 18 million in the first three months of this year.
(Reuters / Steve Marcus)

“Unfortunately, it’s very easy for scammers to create social media accounts and impersonate people,” Bitcoin.org said on its website.

“Often, they wait until the person trying to impersonate publishes the content. After that, the impersonator uses an account that looks almost the same, a follow-up message or an action-prompting phrase (free). Reply with a free gift, etc.). The original poster or author. “

And there are countless scam variations.

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Another common one is fraudulent coins.

“Scam coins feature flashy websites and / or may boast a large community to create the fear of missing out on those who discover them,” says Bitcoin.org. I will.

More and more common

This isn’t the first time a scammer has tried to use Elon Musk’s Twitter profile. Elon Musk has about 50 million followers and often tweets about cryptocurrencies.

In July 2020, hackers were able to hijack Twitter accounts of celebrities such as Mask, Bill Gates, Jeff Bezos, and Mike Bloomberg.

“I’m giving back to the community,” said some of the tweets at the time.

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And so was the scam: double your money.

“All Bitcoins sent to the following addresses will be doubled back! If you send $ 1,000, I will return $ 2,000. I will do this for only 30 minutes,” the scammer said. It was.

Bitcoin scams scam bigger payday when a man loses $ 560,000 to forge Elon Musk

Source link Bitcoin scams scam bigger payday when a man loses $ 560,000 to forge Elon Musk

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