Elon Musk: ‘Dire’ Bitcoin And Crypto Scams On Twitter Reaching New Levels
Stay aware, folks…there are tons of scammers looking to separate you and your crypto! Remember, if something sounds too good to be true, it usually is…
Elon Musk Says ‘Dire’ Bitcoin (BTC) and Crypto Scams on Twitter Reaching New Levels
“Most crypto scams follow the same strategy. They impersonate a wealthy personality like Musk and purport to give away free Bitcoin. To participate in the free “giveaway”, users must first send a small amount of crypto to verify their wallet address. Scammers promise participants that they will then receive a large sum of Bitcoin in return.
To combat the growing problem, Musk encourages his followers to immediately report scammers. He adds,
‘Troll/bot networks on Twitter are a *dire* problem for adversely affecting public discourse & ripping people off. Just dropping their prominence as a function of probable gaming of the system would be a big improvement.’”