.elonmusk has once again called attention to cryptocurrency-related spam on Twitter
Last October, Musk himself mocked scammers with a tweet about Dogecoin. Fraudsters typically promise to double the initial amount of money sent to them, but the billionaire turned the tables on scammers by offering them a much less lucrative deal.In July 2020, Musk, Bill Gates, Kim Kardashian and other prominent personalities became the targets of Bitcoin scammers, which ended up being the biggest Twitter hack to date.
According to data published by the Federal Trade Commission last year, cryptocurrency scammers impersonating Musk managed to net roughly $2 million. Twitter is not the only social media company that continues to struggle with cryptocurrency scammers. Musk impersonators can also be found on Facebook and Instagram. Popular YouTube channels also get compromised to create fake Bitcoin giveaway live streams featuring footage with the billionaire.
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