Wednesday, December 2, 2020
Home Decrypt News Tesla Giveaway Scam Sucks a Whole Bitcoin From its Victim

Tesla Giveaway Scam Sucks a Whole Bitcoin From its Victim

A “giveaway” scam claimed another victim today after someone ended up sending a whole Bitcoin (≈$11,300) to its address, according to on-chain alerts service Scam Alert.

The transaction occurred when someone sent the Bitcoin to an address linked to “teslafreegift.com,” a site registered this October which is not connected to the official Tesla company.

The address has received over 0.9 Bitcoin ($10.170) from other victims and holds over $18,000 worth of Bitcoin as of press time. A total of 24 payments have been made to the address with an average transaction of $787, as tracked by Scam Alert.

Details of the 1 Bitcoin scam earlier today. Image: Scam Alert

The modus operandi is usually as follows: The scammer builds out a fake Twitter account and latches on the comments of the tweets put out by popular Twitter users. The scammer’s comments are usually a variation of “send 1 Bitcoin, receive 2 back,” and in some cases, are immediately retweeted or commented on with positive feedback by other scammer-controlled accounts to boost their legitimacy. The intend is, however, never an act of benevolence.

Twitter is a popular hunting ground for scammers. Earlier this year, the social media giant was targeted by a hacker—allegedly a Florida teen who gained access to Twitter’s “god mode” admin panel—who took over 25 high-profile accounts, such as those belonging to politicians, celebrities, and crypto entrepreneurs, and tweeted out a similar giveaway scheme. The hacker made away with over $120,000 at the time.

Twitter has since ramped up its security measures and even revamped safety features for high-profile accounts ahead of the 2020 US Elections, in a bid to avoid any similar occurrences in the future.

Still, the giveaways remain and the scams keep running.

Popular Articles

Reuters runs the headline Bitcoiners have longed to read

The U.S. Dollar Index fell sharply today, extending a 10 month losing streak that places it at the lowest point since April 2018.  International news...

Eth2 withdrawals are coming sooner than you think

Withdrawals for Ether staked on Ethereum 2.0 could become available as early as Q1 2021, according to a blog post by staking service Rocket...

Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest

PRESS RELEASE. With the steady rise of Bitcoin price in recent days, this is arguably one of the best periods for Bitcoin trading and...

Komodo expands multi-chain interoperability thru integration with Bidao

Komodo, an open-source blockchain ecosystem exploring multi-chain architecture and atomic swap technology since 2014, announced today its strategic partnership with Bidao, a decentralized finance...

Cryptocurrency and COVID-19 analysis: How the corona crisis made a clear case for crypto

Check out our new platform 👉 https://thecapital.io/Several financial heavyweights shifted to crypto in 2020, and COVID-19 and the weak dollar was a direct motivator....

3 reasons why Bitcoin price violently rejected near $20,000

Bitcoin price strongly rejected near the $20,000 resistance, leading analysts to debate whether a quick recovery is in the cards.Check out our new platform 👉...