TikTok scammers have once again surfaced, this time using the persona of Elon Musk to orchestrate a cryptocurrency theft scheme. This was reported by Bleeping Computer.

According to the publication, these fraudulent videos are being posted on TikTok hourly. In these videos, someone posing as Elon Musk purportedly gives interviews to major publications and encourages viewers to visit a specific website where a giveaway is supposedly taking place. Scammers have created hundreds of such pages, some masquerading as cryptocurrency exchanges.

Most of these videos promote websites with very similar domain names, including bitoxies com, Moonexio com, altgetxio com, cratopex com. Journalists from the publication investigated one of these giveaways: they created an account on the platform and entered the promo code provided in the TikTok video. After doing so, they were promised to receive Bitcoin in their account.

In the screenshot below, you can see that the wallet purportedly received 0.34 BTC (approximately $9,000). However, when the user attempted to withdraw the funds, they were initially asked to activate their account by depositing 0.005 BTC (around $132). Some websites also request KYC information, which cybercriminals could potentially use to compromise other legitimate accounts.

As a reminder, on September 10th, unknown individuals gained control of Vitalik Buterin's X-account and posted a phishing scam message. The estimated damage exceeded $691,000. Vitalik Buterin himself clarified that the scammers had swapped his SIM card.

#TikTokScam #ElonMusk #CryptocurrencyScam #Phishing #CryptoSecurity