Scammers using Bitcoin vanity addresses that look like they’re owned by Elon Musk to fool crypto users

According to ZDNet, Justin Lister, CEO of network security company Adaptiv has found 201 Bitcoin has been sent to 66 addresses since the end of April 2020. In particular, these 66 addresses look like they are owned by Elon Musk, Tesla CEO, Elon Musk. And more surprising is that these accounts have earned more than $ 2 million in just two months. The practice of crypto scammers fronting as celebrities is nothing new, and don’t always Bitcoin vanity addresses.

Bitcoin vanity addresses that look like they entirely owned by Tesla CEO Elon Musk have collected over $ 2 million

The amounts were sent to so-called “vanity addresses,” Bitcoin addresses that contain a specific word — in this case, Elon Musk. For example, 2BqpBj3EL0nMUsKYok4abiGhqqNbvraM4F.


Source: ZDNet, via Justin Lister

Lister has collated addresses with BitcoinAbuse, a database containing information about fraudulent Bitcoin addresses, over the past two months. Most of these Bitcoin addresses are shared via YouTube live streams, usually from people with hacked accounts and their accounts forced to pump videos about Bitcoin scams.

With the promise of high profits, engaging videos leave viewers with no doubt and send them to Bitcoin scammers. Obviously, Elon Musk’s endorsement is enough to make them send money.

ZDNet has found similar scams for Bill Gates and Mark Zuckerberg. These scams also surpass YouTube, even appearing on Twitter, Facebook, Instagram, and TikTok.

Remember not your keys, not your Bitcoin. Therefore, be very careful before inviting about attractive investment returns in a short time only.

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