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"Elon Musk" Dogecoin Scam Promoted by Hacked Twitter Account of Indian Medical Association

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Mon, 01/03/2022 - 14:39
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Alex Dovbnya
Elon Musk impostors highjacked some major Indian Twitter accounts
"Elon Musk" Dogecoin Scam Promoted by Hacked Twitter Account of Indian Medical Association
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The official Twitter account of the Indian Medical Association (IMA) was compromised by Elon Musk impersonators on Sunday in order to promote a cryptocurrency giveaway scam.

Elon Musk
Image by twitter.com

The handle of the verified account was briefly changed to that of the centibillionaire.

Fraudsters promised to give away as much as 5,000 Bitcoin (BTC), 100,000 Ethereum (ETH) and 100 million Dogecoin (DOGE).    

Dr. Sahajanand Prasad Singh, who was elected as President-Elect of the IMA in December, says that demands “strict action” against the offenders, adding that they will have to “face consequences.”  

In addition, the accounts of Deshi Mahila Bank and the Indian Council of World Affairs (a major think tank), were also compromised as the result of the hack.  

The accounts have now been recovered, but the incident is still being investigated. Scammers were allegedly able to get access to them by tricking their owners into clicking a malicious link.   

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Scam Alert: Someone Allegedly Impersonates Vitalik Buterin on Instagram, Pulling Off Crypto Scams
The official Twitter account of the Indian Prime Minister was hacked in early December in order to promote a Bitcoin giveaway scam to a whopping 73.4 million followers. The social media giant took down the tweets in cooperation with the PM’s Office.

Musk, the richest man in the world, has been the target of cryptocurrency scammers for years. The centibillionaire has himself mocked crypto scammers.  

Last May, the Federal Trade Commission reported that consumers had lost more than $2 million to Musk giveaway scams.

In 2020, the billionaire himself fell victim to the biggest Twitter hack in the platform’s history.

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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 alex.dovbnya@u.today.