Elon Musk Bitcoin + Ethereum Giveaway Scam Alert!

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Please watch out for the Elon Musk Bitcoin and Ethereum giveaway scam, and warn your family and friends!

Updated @ 2024-05-14 : Added new scam website domain
Updated @ 2024-05-12 : Added new scam website domain

Originally posted @ 2024-05-07


Elon Musk Bitcoin + Ethereum Giveaway : What Is It?

People are sharing a post (archive) by Tesla Event, about Elon Musk giving away cryptocurrency, in the form of 5.000 bitcoins (BTC) and 100.000 ether (ETH).

Great times have come! 🚀

To support crypto community, Elon Musk initiated 5.000 BTC and 100.000 ETH Airdrop!


The link leads to a website that looks like a Medium post by Elon Musk, with this message:

Elon Musk — Official ETH and BTC Giveaway

You can visit the website, but do not follow the instructions there, because it’s a scam!

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Elon Musk Bitcoin + Ethereum Giveaway Scam Alert!


Elon Musk Bitcoin + Ethereum Giveaway : Why Is It A Scam?

Here are the reasons why the Elon Musk Bitcoin and Ethereum giveaway is a scam

Fact #1 : There Is No Elon Musk BTC + ETH Giveaway

First, let me just point out that Elon Musk is not giving away any Bitcoin or Ether. He is a businessman who loves making money, not give it away.

Even his philanthropy appears to be largely self-serving, making him eligible for enormous tax breaks, and helping his businesses. That’s why he’s a billionaire.

There is also no reason why X (formerly Twitter) would ever give away over $600,000 worth of BTC and ETH cryptocurrency, when it is in financial trouble with negative cash flow, and has already lost about half of its value.

Fact #2 : Those Are Fake / Scam Websites

Those websites are fake, pretending to be a Medium post by Elon Musk. There is no such Medium post by Elon Musk.

And think about this – why would Elon Musk post on Medium, when he can post on X (formerly Twitter) – the social medium platform he owns???

The domains are also brand new, and do not belong to X or Tesla, or Elon Musk. In fact, their ownership is being hidden – which is common with scam websites.

The event-promotion.info domain was only registered on 6 May 2024 – the day the first scam website appeared!

After being caught, the scammers switched to event-finance.net, and event-finance.org, which were registered on 10 May 2024. The scammers will likely switch to a different domain very soon.

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Fact #3 : This Is A Double-Up Crypto Scam!

This double-up crypto scam relies on your greed to cheat you of your cryptocurrency.

Instead of giving you BTC or ETH like in a real giveaway, it asks you to send your own BTC or ETH to receive double the amount in return!

To verify your address, just send from 0.05 to 2 BTC to the address below and get from 0.1 to 8 BTC (x2 back)!

That’s utter nonsense. Whatever BTH or ETH you send to those addresses will be lost for good. You will never get it back, never mind get double the amount!

To further tempt you into giving even more bitcoin or ether, the scammers offer special bonuses for large transactions:

If you send from 1+ ETH, you will receive from 2+ ETH back +40% BONUS.

If you send from 3+ ETH, you will receive from 6+ ETH back +60% BONUS.

If you send from 9+ ETH, you will receive from 18+ ETH back +80% BONUS.

If you send from 25+ ETH, you will receive from 50+ ETH back +100% BONUS.

If you send from 40+ ETH, you will receive from 80+ ETH back +200% BONUS.

All that is bullshit. They are just preying on your greed to trick you into sending more cryptocurrency.

So please do NOT send any bitcoin or ether to those addresses. It is a SCAM!

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.


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