In a joint effort, SpaceX and BitOK have revealed a fraudulent crypto giveaway orchestrated by scammers impersonating Elon Musk, who managed to elevate $165,000 in donations.
The scheme was mentioned to contain a deepfake model of Elon Musk in reside YouTube streams, which have since been eliminated.
The report that was shared with crypto.information claims that the customers have been provided to entry a web site by way of the QR code featured within the broadcast.
The web page said that people taking part within the giveaway ought to transmit cryptocurrency to specified contribution addresses and await transaction processing. Afterward, they’re assured a crypto reimbursement to their wallets and a 200% bonus.
This was adopted by faux giveaway broadcasts from SpaceX on YouTube, a channel that garnered 180,000 subscribers.
The BTC handle utilized by the people accountable for receiving donations was later discovered to be bc1qc4rwqqf0q75rn032knwkvxtrdm4vurkusr8s4k. Right here, a complete of two.48 BTC, equal to roughly $91,566 on the present change charge, was collected. Subsequently, all funds have been transferred to the handle bc1q6yjkfe0edtyn4luwskx30gg35r7eclllfsp3jg.
From the handle bc1q6…sp3jg, a phase of the funds, 1.25 BTC, was dispatched to the deposit handle of the KuCoin change 3NcPowGtnnUxsgFSeCUoiaXW2MtcHUjXF4. Concurrently, the remaining steadiness was despatched to the change handle bc1qwyrv7wkuqh79gk9uu9zjhc2sutyw80ksk4qjug, and subsequently rerouted to the deposit handle of the KuCoin change 3NcPowGtnnUxsgFSeCUoiaXW2MtcHUjXF4.
Crypto scams in 2023
This uncovered scam marks only one extra in a series of fraudulent exercise.
The blockchain evaluation agency CertiK reported that over $32.2 million was misplaced to crypto scams and safety incidents in October, with vulnerabilities, exit scams, and flash mortgage manipulations deemed main causes.
In November, the whole quantity stolen throughout hacks mounted to $290 million.
Fake Elon Musk YouTube streams lead to $165k crypto scam crypto.information 2023-11-23 22:48:57
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