Exploiting famous names and making profits from them by creating fraudulent operations as if issued by the famous people themselves, which still pays off and reaps millions.

This is what the website reported ZDNet Yesterday, it was reported that fake accounts that appear to be owned by Elon Musk, founder of SpaceX and CEO of Tesla, managed to collect more than $ 2 million in just the past two months.

Money was sent to fraudulent addresses from, for example:

Address: 2BqpBj3EL0nMUsKYok4abiGhqqNbvraM4F.

As for the results of the scams, they were revealed by Mr. Justin Lister, CEO of “Adaptiv”, which specializes in cybersecurity, which he shared with ZDNet earlier this week.

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the total Researcher Lester has been addressing BitcoinAbuse, a database containing information about scam-tainted bitcoin addresses, for the past two months.

Lister found that more than 201 bitcoins have been sent to 66 addresses since late April.

ZDNet found that most of these bitcoin addresses were shared through YouTube livestreams, often from those whose accounts had been hacked, forcing their accounts to pump fraudulent bitcoin videos.

Most of the scams come with promises of high returns, and Elon Musk’s profile picture, which supports the fraud, is used, in the end, to convince the victims to send their coins to these addresses.

And it is not only “Elon Musk” whose name is exploited by fraudulent parties, but ZDNet has also found other names such as “Bill Gates” and “Mark Zuckerberg” exploited.

As for the location and platforms for publishing these fraudulent operations, they were not limited to YouTube only, but also extended to Twitter, Facebook, Instagram and Tik Tok.

Exploiting famous names in scams is nothing new, but the different thing is the scale of what these scams achieve.

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Last year, Adam Gicha, an active Czech YouTuber who has more than 300,000 subscribers on his channel, replaced his name with “Changpeng Zhao,” the CEO of Binance, and set up a fraudulent live broadcast claiming to offer financial returns when sending The amount of 1 bitcoin becomes 10 bitcoins.

Other famous names such as Mr. “Alex Ferguson” and actress “Kate Winslet” have been exploited in scams that promise to provide great financial returns when investing and depositing money in them.

So, from our platform, we warn of similar fraudulent operations and that there is no free bitcoin or double bitcoin, so be careful.

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