Fraudsters impersonating Tesla CEO Elon Musk were found to have stolen $62,654 worth of Bitcoin from a victim. Cryptocurrency monitoring service Whale Alert reported the theft.

Users who impersonate a famous name often ask users to send cryptocurrencies with YouTube ads, promising to get double the refund in return.

Among the people these scammers love to impersonate the most are Elon Musk, who is very popular in the cryptocurrency market, Vitalik Buterin, the founder of Ethereum, and Charles Hoskinson, the founder of Cardano.

source: investing.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.