Watch Out: This Verified Elon Musk Twitter Profile Asking For Dogecoin Is A Scam

Tesla Inc 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.

The links lead to a fraudulent “SpaceX” page which features a “Biggest Giveaway Crypto Of $100,000,000.”

The page asks people to send Bitcoin BTC/USD, Ethereum ETH/USD, and Dogecoin DOGE/USD 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

Posted In: CryptocurrencyNewsSocial MediaMarketsGeneralCrypto ScamsdogecoinElon Musk
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