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The Latest Celebrity-Impersonated Crypto Scam: Elon Musk

Elon Musk made #CryptoNews again, but unfortunately not under controllable circumstances. Scammers were able to hack existing verified accounts to impersonate the notorious entrepreneur and fake a Bitcoin giveaway which required sending your own BTC first. Here is the original post below –

Screenshot of compromised Pathe UK account. Source: Business Insider

At the time of reporting, the wallet had amassed about $170k USD and the Twitter account has been taken down. This ordeal stands as another example of Bitcoin being ‘unhackable’ yet susceptible to being wrongfully taken on weak centralized systems like existing social media platforms.


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