Using an account with Twitter’s a blue tick, makes the accounts look like a legitimate one and is used to trick the reader into believing it as an official one.
“Being able to hijack verified accounts is a potential goldmine for crypto scammers banking on the visibility of the Tesla CEO,” Chris Boyd, lead malware intelligence at Malwarebytes, told ZDNet.
“Verified entities don’t need any extra requirements to change basic profile details such as name or avatar, and once the account is compromised you can then start pushing rogue ads under the guise of Elon”.
The sites that promoted these fake profiles include musk[.]plus, musk[.]fund, and spacex[.]plus. It urges all users to send .1 or 3 BTC to the address given below in order to get 1-30 times in bitcoins back.
“To verify your address, send from 0.1 to 3 BTC to the address below and get from 1 to 30 BTC back!
BONUS: Addresses with 0.30 BTC or more sent, gets additional +200% back!
You can send BTC to the following address.
Waiting for your payment…
As soon as we receive your transaction, the outgoing transaction will be processed to your address.”
Once the victims sent the money, they never received any Bitcoin.