Consumers lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk over the last six months, the Federal Trade Commission reported Monday.
“Promises of guaranteed huge returns or claims that your cryptocurrency will be multiplied are always scams,” the commission said in its Monday report.
For years, scammers have posed as Musk in order to fraud social media users out of cryptocurrency. They use deceptive tactics on sites like Twitter, often using the same avatar images as Musk’s own account and slightly misspelling his username. Pretending to be Musk, the scammers will ask victims to send...
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Elon Musk impersonators have stolen more than $2 million in cryptocurrency since October
![Elon Musk impersonators have stolen more than $2 million in cryptocurrency since October]()
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May 17, 2021
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