{"id":360772,"date":"2018-11-06T23:00:28","date_gmt":"2018-11-06T23:00:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=360772"},"modified":"2019-03-11T20:49:57","modified_gmt":"2019-03-11T20:49:57","slug":"twitter-crypto-scammers-steal-150k-by-posing-as-elon-musk","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/twitter-crypto-scammers-steal-150k-by-posing-as-elon-musk\/","title":{"rendered":"Twitter Crypto Scammers Steal $150K by Posing as Elon Musk"},"content":{"rendered":"

Scammers plaguing a popular social media platform have successfully stolen over $150,000 in cryptocurrency.<\/span><\/p>\n

They used the verified accounts of two prominent British businesses by posing as Tesla founder and CEO Elon Musk.<\/span><\/p>\n

Two British Brands Targeted in Twitter Scam to Steal Crypto<\/span><\/h2>\n

British fashion and home goods retailer Matalan and the United Kingdom arm of French film production company Path\u00e9 each had their verified Twitter accounts reports the BBC<\/a>. Combined the two accounts have over 100,000 followers, who became the targets of a scam aimed at stealing cryptocurrencies like Bitcoin and Ethereum.<\/span><\/p>\n

Hackers gained access to the two highly-valuable, verified Twitter accounts<\/a>, and promptly changed the account photos and names to appear as if the accounts were owned by Silicon Valley serial entrepreneur Elon Musk. <\/span><\/p>\n

The accounts join in on an increasingly growing trend across Twitter, where scammers pose as cryptocurrency industry icons<\/a>, celebrities, or tech entrepreneurs \u2013 even posing as the United States President \u2013 and offer a “giveaway” where users receive free cryptocurrency in exchange for sending a smaller denomination or the same cryptocurrency.<\/span><\/p>\n

To further sell the scheme as legitimate, additional Twitter accounts owned by the hackers are then used to respond to the giveaway tweet, thanking the accounts for their generosity. Over 300 of the 100,000 followers between the two accounts fell victim to the scam, and were duped of their crypto assets. The total stolen according to wallet data amounts to over $150,000 in Bitcoin.<\/span><\/p>\n

This particular instance used Musk\u2019s likeness, suggesting the Tesla CEO was stepping down from his post as “director,” and used a fake web domain with Musk\u2019s other company Space X mentioned in the URL. What\u2019s worse, is that the tweets in question were approved by Twitter to be run as paid advertising, even though they were fake, from a hacked account, and were riddled with spelling errors.<\/span><\/p>\n

Why Elon Musk? Twitter Scams Surrounding Entrepreneur Are Relentless<\/span><\/h2>\n

Cryptocurrency scammers impersonating Elon Musk refuse to give up, despite the entrepreneur recently enlisting help<\/a> from Dogecoin creator Jackson Palmer and receiving a “script” that was meant to reduce the frequency of such instances. Musk had initially been impressed with the scammers, saying they had “mad skills.” However, that quickly turned into frustration.<\/span><\/p>\n

But why Elon Musk?<\/span><\/p>\n

While other crypto influencers and celebrities<\/a> have been impersonated as part of this recurring scam, none have been the focal point as prominently or as often as Mr. Musk. <\/span>The answer is simple: The eccentric and outspoken Tesla CEO uses Twitter as his personal soapbox, and the public figure seemingly has no filter, and says some of the wildest things, sometimes landing him in hot water as a result. <\/span><\/p>\n

Back in August, Musk made a public statement on Twitter talking about a Tesla IPO that resulted in Musk being forced to step down from his post at Telsa, and had to settle with the U.S. Securities and Exchange Commission (SEC) in court for $40 million.<\/span><\/p>\n

Musk\u2019s tweets now have to be reviewed by a lawyer, which should cause investors to be extra skeptical over any cryptocurrency giveaways coming from Musk. It\u2019s the outlandish comments Musk makes that makes him an easy target for scammers to impersonate.<\/span><\/p>\n

Musk also commonly tweets about cryptocurrencies. Last month, Musk tweeted a bizarre photo accompanied by the question “Wanna buy some Bitcoin?”<\/span><\/p>\n

Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"
Scammers plaguing a popular social media platform have successfully stolen over $150,000 in cryptocurrency. They used the verified accounts of two prominent British businesses by posing as Tesla founder and CEO Elon Musk. Two British Brands Targeted in Twitter Scam to Steal Crypto British fashion and home goods retailer Matalan and the United Kingdom arm of French film production company Path\u00e9 each had their verified Twitter accounts reports the BBC. Combined the two accounts have over 100,000 followers, who became the targets of a scam aimed at stealing cryptocurrencies like Bitcoin and Ethereum. Hackers gained access to the two highly-valuable, verified Twitter accounts, and promptly changed the account photos and names to appear as if the accounts were owned by Silicon Valley serial entrepreneur Elon Musk. The accounts join in on an increasingly growing trend across Twitter, where scammers pose as cryptocurrency industry icons, celebrities, or tech entrepreneurs \u2013 even posing as the United States President \u2013 and offer a “giveaway” where users receive free cryptocurrency in exchange for sending a smaller denomination or the same cryptocurrency. To further sell the scheme as legitimate, additional Twitter accounts owned by the hackers are then used to respond to the giveaway tweet, thanking the accounts for their generosity. Over 300 of the 100,000 followers between the two accounts fell victim to the scam, and were duped of their crypto assets. The total stolen according to wallet data amounts to over $150,000 in Bitcoin. This particular instance used Musk\u2019s likeness, suggesting the Tesla CEO was stepping down from his post as “director,” and used a fake web domain with Musk\u2019s other company Space X mentioned in the URL. What\u2019s worse, is that the tweets in question were approved by Twitter to be run as paid advertising, even though they were fake, from a hacked account, and were riddled with spelling errors. Why Elon Musk? Twitter Scams Surrounding Entrepreneur Are Relentless Cryptocurrency scammers impersonating Elon Musk refuse to give up, despite the entrepreneur recently enlisting help from Dogecoin creator Jackson Palmer and receiving a “script” that was meant to reduce the frequency of such instances. Musk had initially been impressed with the scammers, saying they had “mad skills.” However, that quickly turned into frustration. But why Elon Musk? While other crypto influencers and celebrities have been impersonated as part of this recurring scam, none have been the focal point as prominently or as often as Mr. Musk. The answer is simple: The eccentric and outspoken Tesla CEO uses Twitter as his personal soapbox, and the public figure seemingly has no filter, and says some of the wildest things, sometimes landing him in hot water as a result. Back in August, Musk made a public statement on Twitter talking about a Tesla IPO that resulted in Musk being forced to step down from his post at Telsa, and had to settle with the U.S. Securities and Exchange Commission (SEC) in court for $40 million. Musk\u2019s tweets now have to be reviewed by a lawyer, which should cause investors to be extra skeptical over any cryptocurrency giveaways coming from Musk. It\u2019s the outlandish comments Musk makes that makes him an easy target for scammers to impersonate. Musk also commonly tweets about cryptocurrencies. Last month, Musk tweeted a bizarre photo accompanied by the question “Wanna buy some Bitcoin?” Featured image from Shutterstock.<\/p>\n","protected":false},"author":517,"featured_media":332209,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12436,5651,3],"tags":[428,1558,8375,2276,16888,16889,8826,4257,16887],"class_list":["post-360772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai-and-tech","category-bitcoin","category-news","tag-bitcoin","tag-cryptocurrency","tag-elon-musk","tag-hack","tag-matalan","tag-pathe","tag-scams","tag-twitter","tag-twitter-scam"],"acf":[],"yoast_head":"\nTwitter Crypto Scammers Steal $150K by Posing as Elon Musk<\/title>\n<meta name=\"description\" content=\"Scammers plaguing Twitter have successfully stolen over $150,000 in cryptocurrency after posing 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Twitter Crypto Scammers Steal $150K by Posing as Elon Musk","url":"http:\/\/uniquehot.com\/news\/twitter-crypto-scammers-steal-150k-by-posing-as-elon-musk\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/twitter-crypto-scammers-steal-150k-by-posing-as-elon-musk\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/05\/Bitcoin-Scam-Alan-Sugar.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/05\/Bitcoin-Scam-Alan-Sugar.jpg?fit=1000%2C667"},"articleSection":"AI and Tech","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","cryptocurrency","elon musk","hack","matalan","pathe","scams","twitter","twitter scam"],"dateCreated":"2018-11-06T23:00:28Z","datePublished":"2018-11-06T23:00:28Z","dateModified":"2019-03-11T20:49:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Twitter Crypto Scammers Steal $150K by Posing as Elon Musk\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/twitter-crypto-scammers-steal-150k-by-posing-as-elon-musk\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/twitter-crypto-scammers-steal-150k-by-posing-as-elon-musk\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/Bitcoin-Scam-Alan-Sugar.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/Bitcoin-Scam-Alan-Sugar.jpg?fit=1000%2C667\"},\"articleSection\":\"AI and Tech\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"cryptocurrency\",\"elon musk\",\"hack\",\"matalan\",\"pathe\",\"scams\",\"twitter\",\"twitter scam\"],\"dateCreated\":\"2018-11-06T23:00:28Z\",\"datePublished\":\"2018-11-06T23:00:28Z\",\"dateModified\":\"2019-03-11T20:49:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/05\/Bitcoin-Scam-Alan-Sugar.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/360772"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=360772"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/360772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/332209"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=360772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=360772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=360772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}