No, Elon Musk isn't asking you to invest in Twitter - it's a scam

Date:
Mon, 09 May 2022 15:03:40 +0000

Description:
Scammers impersonate Elon Musk and Jack Dorsey to trick victims out of funds.

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If you come across a website or a YouTube video, in which Elon Musk, or Twitter founder Jack Dorsey, promote a cryptocurrency scheme in which youll double your investment in a day - know that its a scam, that the two tech entrepreneurs/celebrities arent promoting any such schemes, and that if you send any of your crypto to the promoted wallets, youll never see it again.

Cybersecurity experts from McAfee have uncovered a simple, yet elaborate scheme that has so far raked in more than $1.3 million in various cryptocurrencies for the schemers. The scheme uses no malware , but rather preys on gullible cryptocurrency investors.

The entire operation is simple and involves promoting the scheme through an edited version of an old live panel discussion on cryptocurrency with Elon Musk, Jack Dorsey, and Cathie Wood at Ark Invests The Word conference.

Share your thoughts on Cybersecurity and get a free copy of the Hacker's Manual 2022 . Help us find how businesses are preparing for the post-Covid world and the implications of these activities on their cybersecurity plans. Enter your email at the end of this survey to get the bookazine, worth $10.99/10.99. Abusing YouTube

The victims are promised double the investment if they send their cryptos to specific addresses. McAfee has found more than 26 websites promoting the
scam, further saying that the number is probably bigger. The websites seem to be showing a list of addresses participating in the scheme, as well as the funds sent, and funds received, to add credibility to the entire thing. However, researchers have found that the scammers actually used JavaScript code to generate a list of random cryptocurrency wallets and amounts paid.

The fraudsters are also abusing YouTube to promote the scam. In its investigation, BleepingComputer has found nine channels, some with as many as a million subscribers. The figures, however, seem to be fake, as these videos have no other content other than the video promoting the scam. Read more

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Elon Musk and Jack Dorseys identities are often abused to promote various cryptocurrency scams, mostly because of Musks Tesla accepting bitcoin for payment at one point, as well as Dorseys vehement support for the nascent technology.

However, theyve never participated in any giveaways, airdrops, crypto
schemes, or anything similar, and most likely never will. Keep track of your inbound and outbound traffic with the best firewalls around

Via: BleepingComputer



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Link to news story: https://www.techradar.com/news/no-elon-musk-isnt-asking-you-to-invest-in-twitt er-its-a-scam/


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