A German Man was Defrauded of $560,000 Worth of Bitcoin by a Scammer Depicting Elon Musk

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To make it more real, the website scammer added a ticking timer to rise a sense of urgency to the victim’s decisions. In consequence, the German man had to act fast and sent all of his Bitcoin holdings, worth around $560,000. The BBC reported that the German victim thought: “This is definitely real.”

Despite not having any screenshots of the scamming website, BBC shared a now-deleted page on Medium, where scammers try to defraud victims using giveaway schemes.

 

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A screenshot of a now-deleted page claiming to be giving away bitcoin from Elon Musk.
A screenshot of a now-deleted page claiming to be giving away bitcoin from Elon Musk.
A screenshot of a now-deleted page claiming to be giving away bitcoin from Elon Musk. Medium
A screenshot of a now-deleted page claiming to be giving away bitcoin from Elon Musk. Medium

The website owner and fraud have no links to Musk whatsoever, but victims fell for the scam.