Fake Elon Musk scam resurfaces on YouTube, tricking users into sending cryptocurrency

BlockBeats news, July 29, according to Bitcoin.com, in the past three days, a fake "double money" scam impersonating Elon Musk has reappeared on Youtube. Scammers used Elon Musk's previous video to replace the background, pretending to be live at the Bitcoin 2024 conference, to trick users into sending their crypto assets. Just one specific video defrauded more than $28,000 in crypto assets. Fraudsters use the typical "double money return" rhetoric to lure users to send cryptocurrencies and promise to return twice the amount sent.