In a collaborative effort, SpaceX and BitOK have uncovered a fraudulent crypto giveaway orchestrated by scammers impersonating Elon Musk, managing to raise $165,000 in donations.
Key Points:
- Method of Operation:
- Scammers used a deepfake version of Elon Musk in live YouTube streams, which have since been removed.
- Users were prompted to access a website via a QR code featured in the broadcast.
- The fraudulent page instructed participants to send cryptocurrency to specified contribution addresses, promising a crypto reimbursement to their wallets and a 200% bonus.
- Fake Giveaway Broadcasts:
- Scammers conducted fake giveaway broadcasts on a YouTube channel impersonating SpaceX, amassing 180,000 subscribers.
- The Bitcoin (BTC) address used for receiving donations was identified as bc1qc4rwqqf0q75rn032knwkvxtrdm4vurkusr8s4k, where a total of 2.48 BTC (approximately $91,566) was collected.
- Crypto Scams in 2023:
- CertiK, a blockchain analysis firm, reported that over $32.2 million was lost to crypto scams and security incidents in October.
- Leading causes of losses included vulnerabilities, exit scams, and flash loan manipulations.
- In November, the total amount stolen during hacks reached $290 million.
This fraudulent scheme adds to a series of crypto scams in 2023, highlighting the importance of vigilance and security measures within the cryptocurrency space. Users are cautioned to exercise caution and verify the authenticity of online giveaways and promotions to prevent falling victim to such scams.
By FCCT Editorial Team