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"Deal of the Year": New Elon Musk Crypto Scam Targeting Twitter Users

Wed, 12/07/2022 - 15:34
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Alex Dovbnya
Elon Musk followers have become targets of new crypto sham that has been spotted by Bleeping Computer
"Deal of the Year": New Elon Musk Crypto Scam Targeting Twitter Users
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The Twitter followers of controversial tech billionaire Elon Musk have become the target of a new cryptocurrency scam, Bleeping Computer reports.

While the social media platform is still teeming with bots promoting links to fake giveaway scams in the comments by impersonating crypto personalities, the newly discovered sham has come up with a slightly more sophisticated approach.

Potential victims are being added to a "Deal of the Year" list that randomly targets those who follow Musk and his companies.

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The fraudsters' goal is, of course, to trick users into parting ways with their crypto by clicking a link to a so-called "freedom giveaway."

Those who click the link will be redirected to a website that greets users with a quiz about Musk's companies.

After completing the quiz, users are then encouraged to deposit a small sum starting from 0.02 BTC in order to receive 5,000 BTC.

At press time, the wallet associated with the scam is empty, meaning that no one has taken the bait for now.

However, similar scams with Musk have netted bad actors millions of dollars, according to earlier reports.

Even though cryptocurrency scams have been around for years, major social media platforms have so far failed to implement a comprehensive solution for tackling them.

On Monday, the legendary heavy metal band Metallica felt compelled to warn its fans about cryptocurrency scammers who are attempting to capitalize on the buzz surrounding their newly announced album and tour.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at