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Somebody sent 5 Bitcoin ($243,153) to a confirmed Elon Musk Giveaway Scam Address

Last night @Whale_alert twitter account reported that somebody sent an eye watering 5 btc to a confirmed Elon Musk giveaway scam address.

Tweet: https://twitter.com/whale_alert/status/1366510689720803330?s=19

If you use twitter you are likely familiar with the scam stating that Elon is giving away bitcoin if you complete certain actions. They frequently appear in the replies to tweets about crypto. You may have even seen them pop up here in the daily discussion a few times, they never ussually last more than a few seconds before they are deleted by the mods though (thank you mods!). The people creating the comments (bots most likely) are ofcourse not affiliated to Elon Musk in any way. Out of curiosity I looked at this particular scam bitcoin address on blockchain explorer.

Link: https://www.blockchain.com/btc/address/1EMuskYdgB3BtwxpEP46txN5EAN8KnA7dE

At the time I’m writing this 8.96 BTC (over $438,000) has been sent just to that one scam address. I would assume most people here are too crypto savvy to fall for a scam like this but many of us have friends and relatives who are discovering crypto for the first time at the moment. If you are discussing crypto with them it may be worth giving a few tips about how to stay safe if you fear they may be susceptible to this kind of thing. It seems that some people are falling for it and the scammers are making a lot of money.



View Reddit by tghGazView Source

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27 Comments

  1. Probably some rich daddy’s son who thought he could overtake daddy and show who is boss, because he got upset daddy did not buy him a lamborghini for his sweet 16.

  2. You’d be surprised how naive people are. I have a friend who’s brother was car shopping saw a car he liked from a seller out of state and actually sent the seller $3000 without viewing the car in person and apparently the seller promised to deliver the vehicle. Well u can guess what happened. They seller ghosted him and kept the money. I literally couldn’t believe someone would agree to that and send money on faith 🙄

  3. Too bad those people don’t know how to use blockchain explorer and check that it’s a scam. Or believe that someone will be willing to give free money in a first place.

    But if it comes to making it look as legitimate as possible – those scammers are really underperforming.

    1. You need an exchange account with high enough limit for fund transfers without KYC.
    2. You setup a new account, fund it with monero, convert monero to BTC, transfer BTC to a new wallet (the largest part), for example you’re playing 1BTC in exchange for 0.01 BTC, so you setup 10-20 smaller btc wallets, fund them all with 0.01 BTC (or slightly more, and different sums) from that exchange account, and also fund your main “scam” account with 20-40 BTC.
    3. You setup (buy?) twitter accs (at least 21) and play that scheme, only this time you really transfer 0.01 btc from those 20 accounts, and give them back 1btc. They transfer that 1btc back to the exchange acc, convert to monero and then off the open ledger it goes. On twitter – they tweet links to blockchain explorer where you literally see that someone transferred 0.01 btc and got 1 back.

    Drawbacks: you loose a lot on transaction fees.
    Pros: it does look a hell lot legitimate

    Bonus points: use several exchanges, and several accounts there, use several monero accs between exchange and main acc.

  4. still amazes me that the old fishing method still works.

    Used to do this asking for PWs in the early 90s. Pretending to be staff, or the cable company. I was like 14. Lol

    Just run a prog(bot today) to send out thousands of messages.

    Good old throw enough shit at a fan, and some of it will stick.

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