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Scammers use Elon Musk’s name to sell fake cryptocurrency online through YouTube

Scammers use Elon Musk's name to sell fake cryptocurrency online through YouTube

Tenable stated that a group of scammers tried to sell fake cryptocurrencies to people and put them in Elon Musk’s name online. Commentary on Bitcoin and its importance rose sharply in the early 2010s, then fell again as the price plummeted, and the enthusiasm returned. Part of it can be traced back to our lives.

You are already addicted to online communication, even communication, shopping, and bank transfers. Naturally, the concept of currency will also find a foundation on the Internet. Current examples of cryptocurrency success can be found on Dogecoin. After SpaceX CEO Elon Musk posted a tweet, the value of this joke soared, adding color to Dogecoin’s Internet origins.

Maybe cryptocurrency will not go anywhere now or in the near future. As a result, many people started to invest in them because they believed that cryptocurrency stocks were more abundant and therefore could be “safer” to bet. A successful form of currency on the Internet, scams will soon appear.

These specific scammers even chose to name their counterfeit currency “SpaceX Coins”, perhaps to increase the credibility of the entire operation. This strategy seems to have worked miracles: when scammers promoted their projects among YouTube users, they stole nearly $1 million from them. All the money was obtained by scammers in the form of Bitcoin, Dogecoin, and Ethereum.

The increasing use of cameras on the Internet forces people to pay attention to their safety and plans. Cameras are used more and more every day. Whether it’s a mobile application that misleads your personal information or a more sophisticated phishing attack, the online space is not necessarily safe. In such an attack, one can only hope to pay more attention to and question the statement.

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Nevertheless, the situation may develop to this day at any time, and network fraud has become more differentiated, and the distinction between authenticity and falsehood will naturally become more difficult over time. We can only remain vigilant and hope to continue to admit these fraudulent attempts.

Scammers use Elon Musk's name to sell fake cryptocurrency online through YouTube

Image Credit: Digital Information World

OVERVIEW:

Tenable stated that a group of scammers tried to sell fake cryptocurrencies to people and put them in Elon Musk’s name online. The increasing use of cameras on the Internet forces people to pay attention to their safety and plans. In such an attack, one can only hope to pay more attention to and question the statement.

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