Twitter. Advertisement Elon Musk is beloved in the crypto community, with many even believing he is the pseudonymous Satoshi Nakamoto. Jackson Heights fire: 21 people injured in 8-alarm fire at an apartment building in. Telegram. The BBC reported this week that a German man from Cologne, Sebastian, lost 10 bitcoins to an Elon Musk bitcoin giveaway scam. The website offered to double quantities between 0.1 bitcoin and 20 bitcoin - worth between $5,600 and $1.1 million using bitcoin's price as of March 16, 2021. ReddIt. Elon Musk Says Bitcoin 'Almost as BS' as Regular Money after Tesla Buys Cryptocurrency Ed Browne 2/19/2021. Share. How One Man Lost Over $500k to a Fake Elon Musk Bitcoin Giveaway Scam. The link led to a professional-looking page, the BBC reported, which described an offer whereby people could send Musk bitcoin and receive twice as much in return. At the current BTC price of $59,115, based on data from markets.Bitcoin.com, his bitcoins are worth about $600K. By. WhatsApp. The BBC has reported on a German man who was duped into sending $560,000 worth of bitcoin to a Twitter user posing as Elon Musk. Steven Msoh - March 16, 2021. Elon Musk's car firm Tesla has said it bought about $1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future. READ MORE: Bitcoin: Fake Elon Musk giveaway scam ‘cost man £400,000’ [BBC] More on Bitcoin scams: A Fake SpaceX Stream That’s Scamming Bitcoins Has 16,000 Viewers Advertisement Bitcoin (BTC) jumped early Wednesday after the Tesla CEO Elon Musk said the electric vehicle maker is now accepting the cryptocurrency as a payment option. Man Loses $560,000 in Bitcoin Scam From Fake Elon Musk Account Sebastian told the BBC he saw a mysterious tweet from an account he thought belonged to the tech billionaire - … Under a scheme that’s been dubbed the “giveaway scam,” social media accounts pretending to represent famous individuals promise that anyone who sends cryptocurrency to a specified wallet will receive double the amount back. Published 15 minutes ago. image copyrightReuters image captionA surge in Tesla shares first made Elon Musk the world's richest man in January. SharecloseShare pageCopy linkAbout sharing. Bitcoin: Elon Musk loses world's richest title as Tesla falters. Scammers posing as Elon Musk on Twitter are attempting to fraud people out of their Bitcoin, and in some cases are succeeding. 1335. A man in Germany described losing bitcoins worth half a million dollars in a scam. He told the BBC that he fell for a Twitter account posing as Elon Musk offering to double his money.