Elon Musk’s Twitter account got hacked, users scammed for $39,000 in crypto

November 06, 2018
Darya Karatkevich

Scammers asking to send them money is nothing new to the Internet era. However, scammers asking for “crypto money” have notably gotten a lot more sophisticated.

Elon Musk twitter scam

The scheme is bluntly simple: they take over a legitimate account (with legitimate subscribers and influence), impersonate a celebrity, and post a tweet with a request to send money. And, while with so many scammers phishing around, people became more aware in order not to send the money directly, scammers picked another way to do it – through “verifying” an account.

In a recent scam involving Elon Musk’s impersonation, scammers really got it to the next level. Stealing the legitimate Twitter account of the English production company Pathe UK with a handle @patheuk, they renamed it to Elon Musk and changed the profile picture, publishing the announcement that Musk “left the post of director of Tesla” and “decided to make the biggest crypto-giveaway in the world.”

There was 10 000 BTC “on the table,” with only one requirement – in order to participate, you had to verify your account by sending from 0.1 to 1 BTC. And if you think no one is falling for that anymore, well, until the hack has been eliminated, the account has received 6.12 BTC, which equals about $39,000!

What makes it even more interesting, the post from the hacked account has been promoted on Twitter, even though all ads on social media should go through a pre-moderation and pre-approval before going live.

Post written by Darya Karatkevich
Darya is a blockchain market observer with 5+ years of experience as an author and editor for major tech blogging platforms. Her fortes are blockchain technologies and solutions, cryptocurrencies and crypto-related regulations.

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