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Scammers impersonating Elon Musk steal more than 2 mn in cryptocurrency

Read more about Scammers impersonating Elon Musk steal more than $2 mn in cryptocurrency on Business Standard. Over the last six months, consumers have lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk, according to the Federal Trade Commission (FTC)<br>

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Scammers impersonating Elon Musk steal more than 2 mn in cryptocurrency

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  1. Scammers impersonating Elon Musk steal more than $2 mn in cryptocurrency Over the last six months, consumers have lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk, according to the Federal Trade Commission (FTC). For years, scammers have posed as Musk to fraud social media users out of cryptocurrency, The Verge reported. They use deceptive tactics on sites like Twitter, often using the same avatar images as Musk's account and slightly misspelling his username. "Promises of guaranteed huge returns or claims that your cryptocurrency will be multiplied are always scams," the commission said in its report on Monday. Pretending to be Musk, the scammers will ask victims to send currency to a specific wallet address in exchange for receiving a larger payment in return. Click Here

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