Security News > 2021 > September > New "Elon Musk Club" crypto giveaway scam promoted via email
A new Elon Musk-themed cryptocurrency giveaway scam called the "Elon Musk Mutual Aid Fund" or "Elon Musk Club" is being promoted through spam email campaigns that started over the past few weeks.
Before you dismiss these scams, saying that no one falls for them, similar crypto scams have been hugely successful and have generated hundreds of thousands of dollars in the past.
Scammers made $180K in a single day in 2018, Twitter suffered a massive attack where crypto scammers earned $580K in a week in January 2021, and then another scam stole $145K in February.
Just last week, someone sent three bitcoin, or $150,074 at the time, to a known crypto giveaway scam.
While most cryptocurrency scams target social media users, scammers now use email spam to promote a new "Elon Musk Club" or "Elon Musk Mutual Aid Fund" giveaway.
Everyone needs to recognize that almost every crypto giveaway site is a scam, especially those that pretend to be from Elon Musk, Tesla, SpaceX, and Gemini.
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