Someone has sent over one Bitcoin to a confirmed Elon Musk crypto giveaway scam

According to Whale Alert, a transaction worth 1.03 Bitcoin ($62,654) was discovered, bringing the cryptocurrency to scammers impersonating Tesla CEO and billionaire Dogecoin enthusiast Elon Musk.

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Source: Whale Alert

Naive users keep sending crypto to scammers impersonating Elon Musk

Bitcoin was used as a giveaway scam. This type of scam occurs when scammers pretend to be a celebrity, put a video up as an ad on YouTube, and ask users to send them cryptocurrency, promising to send them to double the amount in return.

Some of the famous crypto figures that scammers love to use are Tesla CEO, the wealthiest person in the world, Elon Musk, Ethereum co-founder Vitalik Buterin and Cardano founder Charles Hoskinson.

Perhaps the tremendous success achieved by crypto scammers occurred in July 2020. At that time, Twitter accounts of major celebrities, businessmen, and politicians were hijacked and used to advertise a Bitcoin giveaway scam. The hack victims could, of course, not be without Elon Musk, Barack Obama, Joe Biden, Kanye West, and Kim Kardashian.

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The list of top casualties

Twitter users have sent more than $118,000 worth of Bitcoin to scammers. And surprisingly, the person who carried out this scam is a teenager from Florida, Graham Clark. He was recently sentenced to three years in prison.

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