TikTok flooded by ‘Elon Musk’ cryptocurrency giveaway scams

The video-sharing app TikTok is inundated with a wave of fraudulent cryptocurrency giveaways, with almost all of the films professing to be themes based on Elon Musk, Tesla, or SpaceX.

On social media sites like Twitter and Instagram, threat actors have been producing bogus cryptocurrency giveaways for years. These con games pose as celebrity freebies, bitcoin trades, or—more frequently—as Elon Musk or SpaceX impersonations.

The con artists create a large number of websites that look like cryptocurrency exchanges or offer free cryptocurrency in exchange for user registrations. But as to be expected, these frauds just steal any cryptocurrency that consumers deposit read more TikTok flooded by Elon Musk cryptocurrency giveaway scams.

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