Categories: Market

Bitcoin users give MicroStrategy CEO impersonator Michael Saylor “No” $ 4.5 million in BTC

A few days ago, blockchain analytics firm Elliptic reported that gullible investors had given away $ 12 billion to crypto scammers and scammers.

Bitcoin users joined this list today after sending BTC in a fraudulent giveaway to impersonator Michael Saylor, CEO of MicroStrategy.

https://twitter.com/whale_alert/status/1462487412261756936?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

Incarnation of Michael Saylor

According to Whale Alert, the incident happened on November 21st with scammers using the website.mstrategy.io/bit“To call himself Michael Saylor. He then asked the Chicken website to send some bitcoins to a specified address, promising to double the amount for them.

“Michael Saylor believes that blockchain and bitcoin will make the world fairer. To speed up the mass crypto rollout process, we decided to run a 5,000 BTC giveaway, ”the scam website reads.

At the time of going to press, the scammer’s address has received over 80 BTC for a total of over $ 4.5 million from 50 transactions. The data shows that the scammer pulled 72 BTC from the wallet, leaving only 10 BTC ($ 562,335).

Scam projects tend to pose as celebrities

This isn’t the first time scammers have posed themselves as powerful influencers in the crypto community to scam unsuspecting investors.

While Michael Saylor is the next victim, Elon Musk, the world’s richest billionaire and CEO of Tesla, has also been copied by scammers and, according to a report U.S. Federal Trade Commission sent more than $ 2 million in cryptocurrency to Elon Musk impersonators.

Earlier this year, Ripple CEO Brad Garlinghouse began suing YouTube for failing to control its platform and prevent scammers from impersonating it, leading unsuspecting victims to lose millions of dollars. The case was later settled out of court.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.