Elon Musk is no stranger to social media, especially Twitter. When the kids were stuck in the cave in the Phillipenes, Tesla’s Elon Musk was on twitter offering aid. In August, Elon Musk was still the SEO of Tesla and tweeted his thinking of taking his company private at $420 per share. However, this causes some controversy. Recently, Elon Musk sent a tweet offering to help to people hurt in the wildfires in California.
— TESLARATI (@Teslarati) November 10, 2018
While this Billionaire CEO is notorious for making controversial posts on Twitter, many people questioned whether the “Bitcoin Tweet” was really him. Recently, people conducting a popular Bitcoin Twitter scam may have tried to impersonate Elon Musk to add credibility to their scam. However, why would someone like Elon Musk, who is worth Billions of dollars, ask people about money for Bitcoin? It turns out that these fake accounts that appear to target Elon Musk promises huge Bitcoin returns, in exchange for a small amount of Bitcoin. This scam appears to be more authentic as these hackers took the time to allegedly hack into verified accounts like Pantheon Books. According to Wired Magazine, after the hackers hacked into verified Twitter accounts, they allegedly switched the username and the picture to Elon Musk. As a result, these hackers appear to have taken one hundred eighty thousand dollars worth of Bitcoin from innocent victims.
According to the article in Wired magazine, the hackers appear to be from the United Kingdom. However, this is not likely the case. Having said that, it appears that they somehow hacked into the verified UK publisher Pantheon Books’ account.
The UK publisher Pantheon Books is a subsidiary of Pantheon Books, which is an American book publishing company with imprint and editorial independence. Knopf Doubleday Publishing Group owns and operates this trustworthy group. However, Bertelsmann is also a German company that owns many other companies. For example, they own Schocken Books, Ballantine Books, Del Rey Books, Fawcett Publications, Modern Library, Everyman’s Library, Vintage Books, Crown Publishing, Bantam Books, Doubleday Publishing, and Dell Publishing. Having said that, it appears that they were targeted by this group of hackers because of their trusted reputation. Also, this group of hackers appeared to have gotten their message across the world loud and clear as they tweeted “Elon Musk was giving away 10,000 Bitcoins worth $65m!”
Most investors know that Elon Musk stepped down as the CEO of Tesla. However, there seems to be plenty of people that bought into this Bitcoin scam. In this fake Tweet, the person claiming to be Elon Musk thanks people for supporting him from stepping down as the Chief Executive Officer of Tesla. Soon after that, the imposter says“I’m giving 10 000 Bitcoin (BTC) to all community!”, which was a lie. Earning 10X your investment is not realistic, although the Tesla shareholders that have owned the company from the beginning may have gotten an even better return.
But Why Would Elon Musk Offer A 10X return on Investment? Twitter appears to have done their homework and found out what happened. After these hackers go into the verified profile, it seems as if they changed the picture and profile information to make it look like Elon Musk’s official Twitter page. After that, it seems like they provided a link that led to a website that contained malware. Also, this website looks official and even had a Bitcoin address with a QR code.
Security News This Week: An Elon Musk Imposter Scored $180K in a Twitter Bitcoin Scam, Wired.com, Nov 10, 2018.
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