Fake ‘Elon Musk’ Ran Bitcoin Scam Through Film Company’s Hacked Account


Following the various Bitcoin scams making headlines, the recent one involves a major film company whose Twitter account has fallen prey to a fake distribution scheme of Bitcoins.

World’s second oldest operating film company- Pathe’s Twitter account (which has 20,000 followers and is blue tick-certified) has been hacked. 

The hackers put up a fake tweet by Elon Musk proposing a scheme for multiplying the number of bitcoins sent by the users in exchange of a small amount of cryptocurrency sent to the desired wallet link.

In order to maintain the authenticity of the hacked account, the Pathe account was renamed as Elon Musk.

In addition to this, another tweet was posted which stated that Elon Musk is no more associated with the company and to mark the occasion he has planned a cryptocurrency giveaway, which of course is fake.

The account, however, has now been regained following the removal of the malicious tweets and any mentions of Elon Musk.

However, the damage could not be controlled completely as the fake tweet resulted in about 850 retweets, 3,700 likes and 6 BTC (around $38,000) transacted in the hacker’s wallet within 24 hours of the post.

To recall, this is not the first incident of false cryptocurrency scam taking place via Twitter; back in July this year, similar thing happened to Fox’s official Twitter account.

To contain this, micro-blogging site Twitter came up with a rule which prevents users from selecting his or her name to Elon Musk.

However, it seems like the problem continues to malign Twitter accounts.

Also: Bitcoin Mining Alone Can Raise Global Temperature Above 2°C By 2033
Vanshika Malhotra

Vanshika Malhotra

Started off as an acquaintance, she is now a friend of tech trying to become a tech pundit soon. An extrovert in nature, she likes everything doggos and puppers.
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