Warning: The viral Bitcoin scam with false promises from Elon Musk is sweeping through 2023

In 2023, social media became the perfect playground for one of the most blatant scams in the crypto world. And no, we’re not making this up. The plot is simple but effective: criminals operate fraudulent platforms by exploiting Elon Musk’s reputation to promise free money in the form of Bitcoin. The outcome is predictable: thousands of naive users lose real money.

The Hook: A Fake Video on TikTok

It all starts innocently. You’re scrolling through TikTok when suddenly a video appears supposedly showing Elon Musk on Fox News. The version you see is not the real magnate, but a parody so crude it hardly deserves credibility. Yet, there it is, talking about an extraordinary Bitcoin gift, specifically targeted at you.

The message is always the same: Free Bitcoin. Just click, go to their “special platform,” and confirm your participation. It sounds too generous to be real, but with the authority of a name like Elon Musk backing it, many decide to try.

The Trap Is Set: The “Magic” Code

Once on the fraudulent site, they ask you to enter a promotional code you saw in the TikTok video. This is a clever maneuver: you think the code is proof that everything is legitimate. After entering it, the system performs a digital trick that shows you a “transaction” of Bitcoin directed to your account.

Superficially, it looks like you’ve received cryptocurrencies. Excitement fills your mind. Could it be true? Is Elon Musk really giving away bitcoins in 2023?

The Final Blow: Real Money Comes Out of Your Pocket

Here comes the unpleasant surprise. To “activate” or “confirm” your supposed free Bitcoin, scammers demand an initial deposit. The typical amount is around 0.005 BTC, roughly equivalent to $132. They present this as a “verification fee” or “security deposit.”

Once you transfer real money from your personal wallet, they disappear. There’s no Bitcoin waiting for you. No activation. Just silence and loss.

Identity Theft: The Cherry on Top

As if that weren’t enough, these criminals also request personal information under the pretext of KYC (Know Your Customer) compliance. Full names, identity documents, addresses. All information that can later be sold, used for identity theft, or simply leaked on dark forums.

What You Need to Know

The truth is brutal: Elon Musk does not give away bitcoins. No real billionaire distributes wealth through TikTok. If it sounds unreal, it is. The only gifts these scammers offer are expensive lessons on how fraud works in the crypto ecosystem.

The final moral is simple: distrust promises of easy money, especially when they come from impersonated accounts. Legally buy your bitcoins. Protect your personal data vigilantly. And above all, remember that in the world of cryptocurrencies, if something seems too good to be true, it probably is.