Elon_Musk.jpgScammers are posing as celebrities, like Elon Musk, and using their status as a way to get innocent people to give them crypto-currency. These scammers are using similar usernames to the genuine accounts, making them seem more credible.

How Does The Scam Work?

While scammers are impersonating Elon Musk (whose fans were a real target) they then post replies to popular tweets made by the real Elon Musk. This gives their deceiving messages prominence when targeting the celebrity’s fans.  The scammers then ask people to send them small amounts of crypto-currency, offering to send a larger amount back as part of a giveaway.

How To Avoid Being Scammed

The golden rule here is “If it sounds too good to be true, it probably is.” Celebrities are most likely not going to ask you for money to give you back more in return. This concept doesn’t make much sense to begin with, as they have a large amount of money at the start. Celebrities like Elon Musk also have a blue checkmark next to their name to symbolize a genuine account. Never give your password, or any other information to anyone you don’t personally know very well over the internet.