Tesla Inc (NASDAQ:TSLA) and SpaceX CEO Elon Musk said he is working on the third iteration of his “Master Plan” but a scam artist is also hard at work capitalizing on the announcement.
What Happened: A fraudulent, but blue-tick sporting, Twitter handle using the same profile photo as the Tesla CEO shared links to a cryptocurrency giveaway scam.
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The links lead to a fraudulent “SpaceX” page which features a “Biggest Giveaway Crypto Of $100,000,000.”
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The page asks people to send Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) to certain wallets and in exchange double the money would be returned.
See Also: Top 5 Bitcoin and Crypto Scams
Why It Matters: The BTC wallet shared by the imposter recorded eight transactions at press time and contained 0.02921055 BTC ($1,197.87).
The scammer’s DOGE spanned 24 transactions and held 134,057.40 DOGE ($15,811.49). The ETH wallet had a balance of 1.38 ETH ($3,817.61).
Musk and DOGE co-creator Billy Markus said last month that Twitter needs to take urgent action against cryptocurrency scams.
Scammers made nearly $8 billion from global investors in cryptocurrency-related rug pulls and other scams.
Read Next: $124M Crypto Scam? SEC Charges Sibling Founders Of Ethereum-Based Coin