Elon Musk impersonators make bank as crypto scammers' profits surge
Scammers are impersonating Elon Musk and other prominent crypto figures to dupe naive investors out of their coins at an accelerated rate. The United States Federal Trade Commission has found that crypto scammers’ profits spiked in the last two months, noting a surge in fraudulent impersonators posing as prominent figures associated with digital assets, such as Elon Musk. The findings report that cryptocurrency investment scams rose sharply in October 2020 as the impacts of coronavirus pandemic and lockdown deepened, with nearly 7,000 people reporting losses of more than $80 million to....
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The U.S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months. Elon Musk Impersonators and Other Cryptocurrency Scams The FTC published “Consumer Protection Data Spotlight” Monday. FTC analyst Emma Fletcher wrote, “Reports to the FTC’s Consumer Sentinel suggest scammers are cashing in on the buzz around cryptocurrency and luring people into bogus investment opportunities in record numbers.”....
Crypto Scammers have popped up in Facebook ads by faking themselves as the world’s tech tycoons and giant business executives such as Metaverse’ Mark Zuckerburg, Tesla’s Elon Musk, and Amazone’s Jeff Bezos, to make people put down their money in crypto scams. Today, social media platforms have become the favorite place to target victims in […]
Cointelegraph identified over six Twitter accounts with a "verified" mark that replicates Buterin’s profile picture, name and profile description. The hype around The Merge has attracted a swarm of scammers that are actively using verified Twitter accounts to impersonate Ethereum co-founder Vitalik Buterin and dupe investors.Prominent entrepreneurs, including the world’s richest man Elon Musk, pointed out numerous times the biggest problem of Twitter — bots. However, scammers have evidently amped up efforts to go unnoticed of their ill intentions by using verified profiles.Fake and....
Tesla and Spacex CEO Elon Musk has criticized Twitter for using its engineering resources to provide a non-fungible token (NFT) profile picture service. “Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread,” Musk said. Elon Musk Criticizes How Twitter Uses Engineering Resources Tesla CEO Elon Musk criticized Twitter Friday regarding its new non-fungible token (NFT) profile picture service. “This is annoying,” Musk wrote. “Twitter is spending engineering resources on this bs while....
Elon Musk recently introduced an artificial intelligence venture called xAI, aimed at revolutionizing the field of AI. This announcement has sparked a notable surge in the value of cryptocurrency tokens associated with AI. In an intriguing move, xAI has been established as an independent entity, separate from Musk’s prominent technology enterprise, X Corp. This strategic […]