Elon Musk Impersonators Rake in $2 Million: Regulator Warns of Fake Giveaway Cryptocurrency Scams

The U.S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months. Elon Musk Impersonators and Other Cryptocurrency Scams The FTC published “Consumer Protection Data Spotlight” Monday. FTC analyst Emma Fletcher wrote, “Reports … Read more

Elon Musk Bitcoin Giveaway Scam Costs This Man BTC Worth $600K

A German man has shared his story about how he fell for the Elon Musk bitcoin giveaway scam. He lost 10 bitcoins to the scam, worth almost $600K at the current price. “I’d just thrown away the game changer for my family, my early retirement fund, and all the upcoming holidays with my kids,” he … Read more