Topic: Elon Musk scammers make millions in crypto-fraud

Crypto-currency scammers pretending to be Tesla boss Elon Musk have made more than $2m (£1.4m) in just six months, US consumer-protection officials say.

The Federal Trade Commission received 7,000 complaints from people who had lost a total of more than $80m (£56.6m) in crypto scams since October 2020. pgslot gaming

The FTC says losses to fraudsters who claim to be Musk or other famous people are up almost 1,000% on 2019/20.

Such scams often begin as investment tips on online message boards.

These "tips" lure people onto fake investment websites.

The scammers often impersonate well-known personalities on Twitter by copying their profile pictures and choosing usernames very similar to those on the genuine accounts.

They then post replies to popular tweets made by the genuine celebrity to give their messages prominence on Twitter.