Elon Musk is being thrown back into the crypto fray. This time, he’s at the center of several Twitter-based bitcoin scams, and he’s warning his followers to steer clear.
Bitcoin Scams Just Don’t Leave Elon Musk Alone
Musk has long been at the center of fraudulent activity, in which users of Twitter potentially try to doctor separate accounts to make them look like Musk’s. They utilize his picture and writing style, along with other elements to convince unsuspecting persons why they should send bitcoin and cryptocurrency funds over to designated wallets.
Musk isn’t happy about the situation, going so far as to tweet:
The crypto scam level on Twitter is reaching new levels. This is not cool.
The saddest part of the story is that this has been going on for quite some time. A report issued in November of 2018 alleges that these scammers have already garnered thousands of dollars in crypto funds from people who were unaware that they were being scammed and being led down a wrongful path towards a nonexistent “business opportunity.”
While Twitter has worked hard to ensure that the fraudulent accounts have been suspended, more have popped up at the time of writing and are continuing their path of destruction. Musk continued his tweet with the following: Read More...