Elon Musk Scam Pays Off For Hackers

Elon Musk Scam Pays Off For Hackers

Elon Musk Scam Pays Off For Hackers

Furthermore, the hacker also mentioned that Musk has left his post as the Director of Tesla, and made a decision to host this giveaway to provide thanks for his support.

On November 5, 2018, a scammer hacked Pathe UK, a British film studio's Twitter account. The accounts also retweet various posts by Musk, Tesla and Space X, in an effort to look more like the real Elon Musk account.

Numerous account holders have since taken back control of their twitter accounts and have deleted the scam tweets.

To add to the intensity of the scam, other verified accounts, including the likes of blogger Sarah Scoop and boxer Rayton Okwiri, that had been compromised were used to comment on those scam tweets, writing that they had indeed received bitcoin from Elon Musk. These accounts then took part in the Elon Musk scam by tweeting how the "giveaway" was already working for them. The hacker managed to subtly change the "L" in Elon Musk's name to a different, yet similar character so the account would not be flagged and reported to Twitter's security team. Durov's tweet drew attention to fake crypto giveaway scammers who posed as the Telegram CEO and claimed to offer crypto to users as a "thank you for [their] support".

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It became so frequent on the social network that the Tesla chief was briefly blocked from his own Twitter account after he parodied the scam by sending a tweet asking: "Wanna buy some Bitcoin?". Fortunately, this time, it isn't actually the man himself.

But they didn't stop there - then (using a stolen credit card we can safely assume) they purchased advertising from Twitter and gave the post some extra promotion - causing tens of thousands of extra people to see it.

In more serious cases, new accounts are first registered. The scam was very alike the other ones.

It is, however, something rather amusing in the fact that they did decide to use Elon Musk for this.

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"We are proactively tackling so-called cryptocurrency scams on the platform".

Twitter spokeswoman Liz Kelley told Quartz in an email, "In recent weeks, impressions have fallen by a multiple of 10 as we continue to invest in more proactive tools to detect spammy and malicious activity".

It seems, however, that "Elon Musk" is playing some tricks on Twitter again. He says twitter needs an algorithm that can quickly identify and remove crypto-scams in the future.

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