A collection of spam e mail campaigns have appeared on-line over the previous few weeks that are getting used to advertise the most recent Elon Musk-themed cryptocurrency giveaway.
As reported by BleepingComputer, this new cryptocurrency giveaway rip-off is being known as both the “Elon Musk Mutual Assist Fund” or the “Elon Musk Membership”. Whereas some of these rip-off are simple to identify for these with a skilled eye, many customers proceed to fall for them because the attract of free Bitcoin is simply too excessive.
Though the vast majority of cryptocurrency scams use social media to focus on potential victims, fraudsters have turned to email spam to advertise this newest Elon Musk-themed giveaway rip-off.
The Elon Musk Membership
When a customers who has navigated to the Elon Musk – Mutual help fund web site clicks on the “Settle for an invite” button, they’re then redirected to a different website known as “Bitcoin Donate”.
On this website, customers are prompted to enter a Bitcoin handle with a view to obtain free cryptocurrency together with their title and an non-obligatory image. After clicking the “Settle for donate” button, customers are redirected once more by way of a collection of pages which fake to be different customers donating .001Bitcoin to their accounts.
As soon as a person’s account has a stability of 0.055 Bitcoin, they’re despatched to a ultimate web page which says they should donate 0.001 Bitcoin to a different person with a view to withdraw all of their funds. Nevertheless, as an alternative of unlocking a person’s funds, the fraudsters behind the rip-off find yourself pocketing the 0.001 Bitcoin.
In response to BleepingComputer, up to now two Bitcoin addresses related to these scams have solely earned $2,661 however there are seemingly further addresses being utilized by comparable scams.
In terms of emails about Bitcoin in your inbox, it is all the time a good suggestion to maintain the adage ‘if one thing appears too good to be true it most likely is’ in thoughts. Along with swindling you out of your hard-earned cash, these scams can be used to commit identity theft particularly once you present private particulars corresponding to your title, e mail or photograph to these behind them.