Bitcoin scams net bigger paydays as man loses $560K to fake Elon Musk
Fox News
Scammers have already made $18 million in the first three months of this year.
"Musk tweeted, 'Dojo 4 Doge?’" the man told the BBC, referring to the cryptocurrency dogecoin. "There was a link to a new event below, so I clicked on it and saw that he was giving away Bitcoin!" Then he followed the link to a legitimate-looking website "where the Bitcoin giveaway looked to be in full swing," according to the account. The fake competition invited participants to send up to 20 bitcoin (well over $1 million) and they would double their money. After the man thought he verified the logo – which was actually fake – next to Musk’s name, he decided to bet the farm and sent 10 bitcoin (approximately $560,000 at the time).
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