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Changpeng Zhao’s code received 90 cardinal fake Grok tokens arsenic Elon Musk-impersonating scams and phishing attacks spot a resurgence.
Scammers are erstwhile again capitalizing connected the popularity of Elon Musk’s artificial quality chatbot Grok, with fake tokens erstwhile again emerging arsenic portion of imaginable phishing attacks.
A wallet linked to erstwhile Binance CEO Changpeng “CZ” Zhao received 90 cardinal fake Grok (GROK) tokens connected April 21, according to blockchain information steadfast PeckShield.
The tokens are “likely a scam,” since the “deployer distributed it to aggregate addresses via multisend,” PeckShield said.
Source: PeckShieldAlertThe X platform’s Grok AI chatbot has nary authoritative cryptocurrency and nary plans to motorboat 1 successful the future.
Related: Bitcoin up 33% since 2024 halving arsenic institutions disrupt cycle
Fake tokens related to the Grok token archetypal emerged successful 2023 erstwhile a scammer deployed an ERC-20 Grok token connected Ethereum, which led to an implicit 90% driblet aft the deployer sold 0.5% of the full supply, according to blockchain information visualization platform, Bubblemaps.
Fake GROK ERFC-20 token crash, 2023. Source: Bubblemaps Scammers often capitalize connected the credibility of societal media platforms, ample brands, oregon celebrities similar Elon Musk to cultivate a consciousness of spot with victims.
Meta was the astir mimicked marque successful phishing reports filed passim 2024, according to a study by email information supplier Mailsuite.
US brands are often impersonated by scammers. Source: MailsuiteCoinbase was the astir impersonated brand by scammers successful the crypto industry, but Meta was targeted by implicit 25 times arsenic galore scammers arsenic the cryptocurrency exchange.
Related: Bitcoin rally supra $100K whitethorn travel US Treasury buybacks — Arthur Hayes
Elon Musk-related scams and fake coins spot a resurgence
Elon Musk-related scams and fake tokens are seeing a resurgence arsenic scammers proceed vying for investors’ crypto holdings.
A fake announcement claiming to beryllium an authoritative “AI Elon Musk stream” giving distant $20,000 worthy of cryptocurrency was flagged connected April 14 by crypto betterment and information advocate, Denis Thomas.
Source: Denis Thomas Multiple different Elon Musk-related memecoins were launched connected the BNB Smart Chain successful caller weeks, according to a scam detector platform, Coinspeedrun.
Source: CoinspeedrunPhishing scams similar address poisoning impact tricking victims into sending assets to fraudulent wallet addresses.
Phishing scams cost the crypto manufacture implicit $1 cardinal crossed 296 incidents successful 2024, making them a large threat, according to blockchain information steadfast CertiK.
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