Scam Alert: Elon Musk Crypto Sham Promoted by Compromised Account of Utah Representative

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Scam Alert: Elon Musk Crypto Sham Promoted by Compromised Account of Utah Representative
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Cryptocurrency bots continue running wild on popular social media platform

The account's name has been changed to that of Tesla CEO Elon Musk, with fraudsters promoting"the best crypto event." To be precise, the scammers misspelled the centibillionaire's name as"Msuk" in an apparent attempt to avoid detection by the social media's anti-bot mechanisms.

Scammers have been spamming identical messages in the replies of various popular cryptocurrency accounts, including famous digital artist Mike Winkelmann and the Binance exchange. Musk's criticism of Twitter's alleged inability to deal with an influx of spam is at the crux of the ongoing legal battle between Musk and the social media giant. The Tesla boss decided to back out of the controversial acquisition deal, accusing the company of hiding the real number of bots.The last tweet posted by Winder about"gorgeous autumn" in Millcreek, Utah, was published on Sept. 23.

Scammers are typically hunting for verified accounts in order to seize control over them and promote their shams with a certain veneer of legitimacy.

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