Monday, November 23, 2020
No menu items!
  • News
  • Bitcoin
  • Contact Us
More

    Bitcoin Scammers Steal $2,000,000 in BTC Using Elon Musk and SpaceX Scheme

    Must Read

    Ripple Has Officially Added Bank of America (BoA) to the List of Top RippleNet Members on Its Website

    Ripple, the San Francisco based blockchain firm, has now officially included Bank of America (BoA) on the list of...

    Crypto Strategist Scott Melker displays His Bullishness on ADA, ETH, LTC, XRP and Three Others

    A cryptocurrency analyst, Scott Melker, popularly known in the crypto industry as Wolf Of All Streets, has revealed he’s...

    Analyst Says Ethereum (ETH) Could Target $850 Once It Surmounts This Key Resistance

    Virtually all the cryptocurrencies in the market have been enjoying the current price rally that was started by Bitcoin...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    As a report has it, Bitcoin scammers have stolen relatively $2 million worth of BTC in the interval of 2 months by impersonating the CEO of Tesla, Elon Musk, and his private spacecraft company, SpaceX.

    According to ZDNet, The founder and CEO of cyber-defense firm Adaptive, Justin Lister, made the compilation of Bitcoin (BTC) vanity addresses capitalizing on the name of Elon Musk since the end of April.

    Vanity addresses are the type of Bitcoin addresses having a name that can be recognized in the actual addresses to make the scam look legitimate.

    A typical example of a vanity address is “1MuskPsV7BnuvMuHGWmmXUyXKjxp3vLZX6.”

    Lister was able to compile the list of the vanity addresses with the help of BitcoinAbuse, a website that specializes in tracking Bitcoin addresses used by blackmailers, ransomware, and fraudsters.

    The CEO of the cyber-defense firm, Adaptive, was able to find 67 Elon Musk vanity addresses that scammers have used to steal a total of 214 BTC worth $2 million at press time, from unsuspecting victims.

    Scammers Hack YouTube Accounts With Huge Followers

    According to the report made available by ZDNet, the desperate scammers also resort to hacking YouTube accounts with huge followers.

    They always change the names and graphics of the hijacked YouTube accounts to impersonate famous persons or brands, followed by sharing their vanity addresses with the teeming followers, via live stream.

    The unsuspecting victims are thereby deceived into sending BTC to the shared vanity addresses, promising that their crypto assets will experience a notable increase within a short time.

    In order to make their perpetration look legitimate, scammers at times make their live streams be in sync with real events related to the impersonated celebrity or brand.

    Various con artists have associated their duplicity with giveaways related to Musk or SpaceX, after the private spacecraft company successfully launched a manned crew into space at the end of May 2020.




    1 COMMENT

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Ripple Has Officially Added Bank of America (BoA) to the List of Top RippleNet Members on Its Website

    Ripple, the San Francisco based blockchain firm, has now officially included Bank of America (BoA) on the list of...

    Crypto Strategist Scott Melker displays His Bullishness on ADA, ETH, LTC, XRP and Three Others

    A cryptocurrency analyst, Scott Melker, popularly known in the crypto industry as Wolf Of All Streets, has revealed he’s bullish on seven altcoins, including...

    Analyst Says Ethereum (ETH) Could Target $850 Once It Surmounts This Key Resistance

    Virtually all the cryptocurrencies in the market have been enjoying the current price rally that was started by Bitcoin (BTC), the largest cryptocurrency by...

    Ripple Moves to Bring XRP Ledger to the World of Central Bank Digital Currencies (CBDCs)

    Considering the latest job listing, Ripple, the San Francisco based cross-border payment firm, is moving to bring XRP Ledger to the world of Central...

    Some Analysts Predict $2.00 for XRP, but Crypto Michael Has A Little Different Opinion

    XRP, the third-largest cryptocurrency by market capitalization, has been experiencing a positive price trend over the past week, which gives its faithful traders and...

    More Articles Like This