• An online scam resurfaced claiming Elon Musk and Tesla are having a Bitcoin And Ethereum giveaway
  • The scam has been going around the Web in slightly altered forms since at least 2018
  • In order to get your free Bitcoins, you must send at least $73 in Bitcoin to “verify your address”

An online Bitcoin and Ethereum giveaway scam dating back to at least 2018 has resurfaced. The scam claims Elon Musk is giving away over $140,000 in BTC, $67,010 in ETH, and a “brand new Tesla Model S Performance with Midnight Silver Metalic, Solid Black and Red Multi-Coat exterior.” Of course, delivery is included with the Tesla Model S.

Elon Musk’s Bitcoin And Ethereum Giveaway Scam

As it has in the past, the scam starts with a tweet. With this version of the scam, it started with a screenshot of a tweet. A tweet allegedly from Musk’s Twitter reads, “We here at Tesla have decided to throw a crypto party of sorts – we are giving away BTC, ETH! Happy 2020! Wanna get some? Go to: muskaway.info.” The tweet does not appear anywhere on Musk’s Twitter.

Bitcoin And Ethereum Giveaway

Once you click on muskaway.info you are taken to a site that resembles and even links to the popular blogging site Medium. “Our marketing department here at Tesla HQ came up with an idea: to hold a special giveaway event for all crypto fans out there,” the fake article reads. The page has three links that all lead to the same page for you to fork over your cryptocurrency.

Tesla Model S Giveaway Scam

The scam also claims there is a bonus “Grand Prize” for anybody that sends 5 BTC ($36,721.95) or 250 ETH ($33,505). By sending over $30,000 in cryptocurrency you will get a Model S, which starts at $75,000. Along with receiving a Model S, you will also receive 10 BTC ($73,443.90) or 500 ETH ($67,010).

Bitcoin And Ethereum Giveaway

The three links to claim your free cryptocurrency all lead to the same page on the site where you need to “verify your address.” How do you verify your address? By sending anywhere from 0.1 ($73.44) to 10 BTC to the BTC wallet listed on the site. Contradicting the initial layout of the giveaway, the verifying page claims you get “x2 back” of what you send.

Bitcoin And Ethereum Giveaway

Past Elon Musk Cryptocurrency Scams

In October 2018, coindesk reported on a Musk-based cryptocurrency scam that started with the Twitter account @TylerFlorence. While a link to the scam site was not included, the article describes a giveaway site that sounds incredibly similar to the current scam giveaway site. The tweet from that scam read, “send from 0.2 to 5 BTC to the address below and get from 1 to 100 BTC back!” Towards the end of last year, the scam appears to have resurfaced again.

Musk retweeted an article from coindesk on February 21, 2019, where he called BTC brilliant. However, in the caption for his tweet, Musk wrote, “That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings.”

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