Crypto Hackers Cheat Twitter Users Using Elon Musk's Popularity

Clothes retailer Matalan appeared to have had its Twitter account targeted today by scammers

Clothes retailer Matalan appeared to have had its Twitter account targeted today by scammers

Elon Musk, the mastermind behind companies such as Tesla and SpaceX, seems to be a beloved figure in the world of crypto scammers on Twitter. Therefore, it is not surprising that his name would be eventually targeted by cybercriminals.

British retailer Matalan, film distributor Pathé United Kingdom and U.S. publisher Pantheon Books were just some of the accounts taken over by hackers.

Be aware that this is a scam and you should not by any means send Bitcoin to an address that claims to be owned by Elon Musk. The users were encouraged to send a small amount of Bitcoin to an account, and a much larger amount would be sent in return.

He also added that one of the bitcoin wallets used to scam unsuspecting people received up to $158,256.

"Someone is using the hacked account of a major publishing imprint to pretend to be Elon Musk in order to perpetrate a bitcoin scam and Twitter allowed them to promote it", Washington Post editor Jacob Brogan wrote, reproducing a tweet from the account. The hacker managed to subtly change the "L" in Elon Musk's name to a different, yet similar character so the account would not be flagged and reported to Twitter's security team.

I'm giving 10 000 Bitcoic (BTC) to all community! I left the post of director of Tesla, thank you all for your support!

I decided to make the biggest crypto-giveaway in the world, for all my readers who use Bitcoin.

The provided address leads users to a simple page that displays a bitcoin address, together with a convenient QR code. For senders of more than 0.5 bitcoin, a bonus was provided.

Numerous scam tweets still contained the trademark of classic scams, odd grammatical structures, typos, and a request for money from the users before they can receive money themselves. However, while most of the people did not agree to pay, those who did got cheated out of their money.

On November 5, hackers hacked several confirmed Twitter accounts to impersonate Elon Musk.

Pathe later said its account was hacked "by an unknown third party", saying the issue had since been resolved.

For the scam, hackers used several accounts, including one of filmmaker Pathe UK and one of American politician Frank Pallone. In April this year, Pavel Durov, founder and CEO of Telegram tweeted a warning to his followers that his app was experiencing downtime because of overheating of its server clusters.