Elon Musk-Dogecoin Scam Cost This Man Over $500,000 - Government Jobs

Elon Musk-Dogecoin Scam Cost This Man Over $500,000

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On Feb. 22, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk sent out a tweet: “Dojo 4 Doge” that ended up costing a man bitcoins (CRYPTO: BTC) that would be worth above $561,000 at press time.

The Enthusiasm: Musk’s tweets on Dogecoin (CRYPTO: DOGE) have been abundant this year and similarly abundant have been sophisticated scams running in the reply sections on his tweets.

When Musk tweeted “Dojo 4 Doge,” a verified Twitter user with a different username but carrying the name “Elon Musk” responded, touting a once-in-a-lifetime opportunity to make some cash — or Bitcoin.

The fake Musk said they were holding “a special event — ” all a user had to do was to clink on a link and transfer some cryptocurrency to a wallet address mentioned on that site and they would get double the amount in exchange.

Now, such scams by verified Twitter accounts have been running for a long, long time, but can look convincing to some unaware users.

One of the real Musk’s followers fell for the fake Musk’s tweet and sent out 10 bitcoins on the wallet address mentioned on the scam website, BBC reported.

Sebastian (name changed) told BBC that he was curious about Musk’s Dojo tweet and thought it was the real Musk actually giving away the Bitcoin.

After ensuring that the Musk profile was verified by Twitter, Sebastian thought it was best to send out the maximum amount of Bitcoin that was allowed for the contest.

“‘Take the maximum’, I thought, this is definitely real, so I sent 10 Bitcoin,” he told BBC.

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