Bitcoin Scam With Fake Elon Musk Account

A few days ago, some verified Twitter accounts were hacked to emulate Tesla boss Elon Musk. An account even managed to collect around $ 170,000.

After the verified accounts were completely hacked, the scammers changed the name and image of the profile to pretend to be Elon Musk. Then they wrote messages in conversations that were started by the “real” Elon Musk account to make a legitimate impression. Some of the fraudulent tweets said that Elon Musk would launch the largest “crypto-giveaway” to date. A link enabled Bitcoin users to participate in the donation.

To circumvent Twitter’s security measures, the scammers have subtly changed a few letters of the name. However, the changes were so inconspicuous that at first glance, nobody noticed, so Twitter could not initially recognize the fake.

The account hack reportedly contained the accounts of film production company Pathe U.K. and American politician Frank Pallone Jr.

The reporter from the Daily Beast, Lachlan Markay, said the account of Pallone Jr. was really hacked, but there are no political machinations behind it. It just “looks like a bitcoin scam.”

He also added that one of the scamwallets has already received $ 158,256 in bitcoin payments and that further payments have been received. At the time of the tweet, the address given by Markay had a closing balance of 26.38 BTC, which is approximately $ 168,930.
Pathe UK later confirmed that she had regained control of her account and removed the fake Elon Musk tweets.

Other influential figures in the crypto and tech sectors have similarly been victims of hacker attacks and identity theft. In April, telegram founder and CEO Pavel Durov issued a warning on Twitter that the servers would be overburdened due to server cluster overheating. Some crypto scammers took advantage of this tweet and then turned out to be Durov to offer users cryptos as “thank-you for their support”.

In January, fake accounts by Litecoin (LTC) founder Charlie Lee “surfaced on Twitter to promote a supposed LTC giveaway. Again, the fraudsters used Twitter names that closely resembled the real account name, such as @SatoshiLite, @SatoshiLitez or @SatoshiLitee_.

In September, Elon Musk asked the creator of Dogecoin (DOGE), Jackson Palmer, to help him tackle the “annoying crypto-scammer”. Palmer answered him quickly and asked Musk to contact him by PM. Later Palmer Musk should have sent a script that could allegedly solve the problem.

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