TikTok Scammers Use Elon Musk’s Image to Steal BTC

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A new round of fraudulent cryptocurrency distribution allegedly on behalf of Elon Musk is targeting TikTok users, as reported by Bleeping Computer.

The publication states that these videos are being published hourly and claim to feature exclusive interviews with Musk where he invites viewers to visit a specific website for the distribution.

The scammers have set up hundreds of pages, pretending to be legitimate cryptocurrency exchanges.

Many of the videos use similar website domains such as bitoxies.com, Moonexio.com, altgetxio.com, and cratopex.com.

Bleeping Computer tested one of the distributions and found that after creating an account and entering the promotional code from the video, they were promised a credit of Bitcoins.

However, when attempting to withdraw the funds, the user was asked to first activate their account by depositing a small amount of BTC and some sites even requested KYC information, which can be used for cybercriminal activities.

It is worth noting that on September 10, unknown individuals gained control of Vitalik Buterin’s X-account and published a phishing scam post, resulting in losses of over $691,000. Buterin explained that the scammers were able to take over his account by changing his SIM card.