Hackers Impersonate Elon Musk Using Verified Twitter Accounts to Spread Bitcoin Scam

Elon Musk Twitter

Elon Musk Twitter

After Twitter reportedly restricted (and banned) numerous accounts sharing the likeness of Tesla & SpaceX CEO Elon Musk, one of the social media platform's foremost stars, reports have arisen that claim that the world-renowned entrepreneur has been impersonated yet again, this time in a context pertaining to Bitcoin (BTC). The accounts also retweet various posts by Musk, Tesla and Space X, in an effort to look more like the real Elon Musk account.

This would indicate that the scam-promoting tweet, likely promoted to the feeds of thousands, somehow worked, even in spite of the typos and the outrageous BTC returns that "Elon Musk" offered.

In addition to this, another tweet was posted which stated that Elon Musk is no more associated with the company and to mark the occasion he has planned a cryptocurrency giveaway, which of course is fake.

Clicking on any of the links in the scam guides users to a page where they are urged to send anywhere from 0.1-one Bitcoin to the scammers - with the promise that they would receive one-10 Bitcoin as a reward, the report said.

Recently, however, these scams have ventured outside of Musk's mentions and into timelines.

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"Verified entities don't need any extra requirements to change basic profile details such as name or avatar, and once the account is compromised you can then start pushing rogue ads under the guise of Elon". But the scammers have circumnavigated these restrictions, sometimes by using different characters but still maintaining a display name that appears to be "Elon Musk" at first glance.

Some of the latest accounts to be hacked, edited and used to spread the scam include the British fashion retailer Matalan, film distributor Pathe UK and US publisher Pantheon Books.

Following the various Bitcoin scams making headlines, the recent one involves a major film company whose Twitter account has fallen prey to a fake distribution scheme of Bitcoins.

Pathe later said it regained control of its account, and deleted the fake Musk tweets. The attackers quickly went to work, changing the profile's picture and title/name to trick Twitter-goers that they were Musk himself, who is an active (maybe too-active) user of the platform himself.

"Impersonating another individual to deceive users is a clear violation of the Twitter Rules". Twitter has also substantially improved how we tackle cryptocurrency scams on the platform.

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