Fake Musk’s account defrauded Trump’s tweets, earning more than 250,000 in a few hours

Fake Musk’s account defrauded Trump’s tweets, earning more than 250,000 in a few hours

Fake Musk’s account defrauded Trump’s tweets, earning more than 250,000 in a few hoursOn November 5, Beijing time, a liar disguised as Elon Musk defrauded users of virtual currency in tweets in response to Trump’s tweets.

The account used by the scammer was authenticated by Twitter. The username was displayed as “Elon Musk”, and he responded to Trump’s tweet discussing the situation of the presidential election.

The scam account posted a tweet saying that the election is basically set. To celebrate the election, he will present gifts to users and give a link to musk-coins.com.

Mashable first discovered this scam. It found that the connection would lead users to a website, asking users to provide their own bitcoins in order to obtain higher returns.

After defrauding USD 32,000 worth of Bitcoin and USD 6,000 worth of Ethereum (the total value is approximately RMB 250,000), the scammer modified the Twitter account name and deleted the website.

The Twitter user with the account name “@emmaisaac” carried out this fraud.

Trump said in a tweet, “People have seen Biden’s votes everywhere-Pennsylvania, Wisconsin, and Michigan. This is not good for our country.”

In response to this tweet, the scammer implemented a fraudulent activity. The tweet stated, “The election is basically set! To commemorate this election, we will give people gifts: visit the website musk-coins. Com. Reminder: remove it Spaces.”

In order to increase the confusion, the scammer also added a Youtube link to the SpaceX account in his tweet.

After further investigating the Internet Archive, Mashable discovered that this authenticated account previously belonged to BusinessChicks CEO Emma Isaacs (Emma Isaacs), and the profile picture of the account was still her photo.

Twitter once stated in 2018 that it would automatically lock the account whose nickname was changed to “Elon Musk” because this is a common trick for virtual currency “giving away” fraud.

In June of this year, hackers carried out similar fraudulent activities by attacking the Twitter accounts of celebrities including Obama, Jeff Bezos and Musk, causing greater losses to users.

The hacker claimed that by bribing one or more Twitter users, he was able to access the internal system and post tweets requesting users to send them bitcoins through the aforementioned accounts.

Before Twitter took measures, about 300 users were deceived within 4 hours and sent hackers worth $1.118 million in Bitcoin.

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