TECH - Crypto Scam Alert: $25M Fake Giveaway Preys on Elon Musk's X Users | Benzinga
On Friday, a $25 million cryptocurrency scam surfaced on Elon Musk‘s X, formerly Twitter, posing a serious threat to users.
What Happened: An account masquerading as Grayscale Investment targeted users with a promise of $25 million worth of a new token called GBTC – Grayscale Investment Bitcoin Trust.
The impostor stated that $25 million worth of novel taken named GBTC, which shares its ticker symbol with the real $13 billion trust, would be distributed to individuals who visited a website referenced in the past.
Grayscale Investment, a legitimate entity, disavowed any connection to @Grayscale_FND, reinforcing the scam’s illegitimacy, reported CoinDesk.
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