bitcoin giveaway, bitcoin giveaway scam, Elon Musk, elon musk bitcoin, elon musk bitcoin scam, elon musk dogecoin, elon musk giveaway, elon musk scam

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 revealed.

Fake Elon Musk Bitcoin Giveaway Scams Continue to Dupe Investors

With the price of bitcoin repeatedly hitting record highs, Tesla investing $1.5 billion in the cryptocurrency, and Elon Musk’s various crypto tweets, there has been a rise in bitcoin giveaway scams using the Tesla executive’s name. The BBC reported this week that a German man from Cologne, Sebastian, lost 10 bitcoins to an Elon Musk bitcoin giveaway scam. At the current BTC price of $59,115, based on data from markets.Bitcoin.com, his bitcoins are worth about $600K.

One night, after his wife went to bed, Sebastian received a Twitter notification that Musk had tweeted “Dojo 4 Doge.†This was on Feb. 21. While wondering what it meant, he noticed some comments below the tweet about a bitcoin giveaway. The 42-year-old followed the link posted on Twitter to what he described as a professional-looking website where a BTC giveaway looked to be in full swing. The comments and link were posted by a fake Elon Musk’s Twitter account, but Sebastian did not realize that at the time.

The BTC giveaway appeared to be run by Musk’s Tesla team, inviting people to send them any amount from 0.1 bitcoin to 20 bitcoins, and the team would send back double the amount. There was also a timer counting down to the end of the promotion.

“Sebastian double-checked the verification logo next to Elon Musk’s name, and then tried to decide whether to send five or 10 bitcoin,†the BBC detailed. He told the news outlet:

For the next 20 minutes as the timer wound down, Sebastian refreshed his screen every 30 seconds, excitedly waiting to receive 20 bitcoins from the Tesla team.

He then saw another “cryptic tweet†that Musk posted on Twitter and felt reassured that the giveaway was real, the news outlet conveyed. However, as the timer on the scam website wound down to zero, “I realised then that it was a big fake,†he said, elaborating:

“I went upstairs and sat on the edge of the bed to tell my wife. I woke her up and told her that I’d made a big mistake, a really big mistake,†he admitted.

Sebastian did not sleep that night, spending hours emailing the scam website and tweeting the fake Elon Musk’s Twitter account to try to get some or all of his BTC back. However, he eventually accepted that his 10 bitcoins were gone forever.

Researchers say scammers are making record-breaking sums in 2021. Giveaway scams have already generated more than $18 million in the first three months of this year, compared with the $16 million made in total for the whole of 2020. Bitcoin.com News previously reported that an Elon Musk bitcoin giveaway scam raked in millions of dollars. Scammers also use another of Musk’s companies, Spacex, as well as other well-known names to promote their BTC giveaway scams, including Microsoft co-founder Bill Gates and Amazon CEO Jeff Bezos.

Sebastian warns others not to fall for such a scam as he did, insisting that he is “normally not the biggest idiot in the whole world.†He further shared: “I have studied and have a good marketing job in the IT Industry. I live together with my wife and two children and we have a nice house with a garden.†Nonetheless, he concluded:

Meanwhile, the real Elon Musk has continually tweeted about bitcoin and dogecoin. The Spacex CEO recently changed his title at Tesla from CEO to “Technoking†and the title of his CFO is now “Master of Coin.†Furthermore, he almost sold a song about non-fungible tokens (NFTs) as an NFT.

What do you think about bitcoin giveaway scams? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration

Tesla CEO Elon Musk said he “pretty much†agrees with Ethereum co-founder Vitalik Buterin about a collaboration between Dogecoin and Ethereum. Buterin said: “if we can have a secure Doge-to-Ethereum bridge. That would be amazing.†Vitalik Buterin Talks About Dogecoin and Ethereum Bridge, Elon Musk Agrees Ethereum co-founder Vitalik Buterin talked about a potential collaboration […]

Xem chi tiết: Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration

Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji

The price of the leading cryptocurrency took a hit after billionaire Elon Musk mentioned Bitcoin in a new tweet hinting at a breakup. Musk’s latest crypto post, featuring a broken heart emoji and a reference to a Linkin Park song, effectively halted this week’s market rebound. Musk Tweet Pushes Bitcoin Price Down Before the Weekend […]

Xem chi tiết: Bitcoin Dips as Elon Musk Tweets Broken Heart Emoji

Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining

When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact, before Musk waded into this debate, many opponents […]

Xem chi tiết: Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,†the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners. Bitcoin Mining Council Brings Back Memories […]

Xem chi tiết: Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

Little Green Mining Hood or the Big Bad Wolf: Musk’s Sustainability Play

Recent announcements and actions by Elon Musk surrounding bitcoin mining sustainability raise questions about the reasoning and motivations of Tesla’s Technoking. Is it possible that Musk is playing a calculated marketing game to introduce a Tesla mining solution? The World of Bitcoin Mining According to Musk Once upon a time, for 49 days, the world […]

Xem chi tiết: Little Green Mining Hood or the Big Bad Wolf: Musk’s Sustainability Play

Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies

Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria†just a few months after the central bank ordered banks to stop serving the crypto industry. While acknowledging his country’s position as one of the leading crypto markets in the world, Emefiele however insists his organization is […]

Xem chi tiết: Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,†the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners. Bitcoin Mining Council Brings Back Memories […]

Xem chi tiết: Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

Elon Musk Convinces Miners to Form ‘Bitcoin Mining Council’ to Promote Renewable Energy Usage

Tesla CEO Elon Musk has spoken with North American bitcoin miners and they have committed to forming a Bitcoin Mining Council to “promote energy usage transparency & accelerate sustainability initiatives worldwide.†They have also agreed to publish their current and planned renewable usage. The meeting was hosted by Microstrategy CEO Michael Saylor. Elon Musk and […]

Xem chi tiết: Elon Musk Convinces Miners to Form ‘Bitcoin Mining Council’ to Promote Renewable Energy Usage

Vitalik Buterin Criticizes Elon Musk’s Idealistic Take on Cryptocurrency, Details Limits on Blockchain Scalability

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

Vitalik Buterin Criticizes Elon Musk’s Idealistic Take on Cryptocurrency, Details Limits on Blockchain Scalability

Elon Musk Convinces Miners to Form ‘Bitcoin Mining Council’ to Promote Renewable Energy Usage

Elon Musk Reaffirms His Crypto Allegiance

Rich Dad Poor Dad’s Robert Kiyosaki Urges Crypto Investors to Buy the Dip, Says ‘Stop Whining and Take Action’

Comparing the True Costs of Gold Mining in Africa With Those of Bitcoin Mining

Rich Dad Poor Dad’s Robert Kiyosaki Urges Crypto Investors to Buy the Dip, Says ‘Stop Whining and Take Action’

Other Articles