Spacex And Elon Musk Fake Giveaway Scams Out $2 Million in Two Months

  • The trick on name of Spacex And Elon Musk has scammed out a total of 2 million US Dollars from the users. 
  • Fake accounts pretended to be Elon Musk and they  alone have collected over 2 million US Dollars in the past two months.

Scams are now becoming a more of a common thing now for Bitcoin and crypto community. Their numbers have considerably increased in the past few years and now a new trick is helping the criminals to get massive benefits. The trick on name of Spacex And Elon Musk has scammed out a total of 2 million US Dollars from the users. 


The owner of the fake accounts pretended to be the SpaceX and Tesla CEO, Elon Musk and they alone have collected over 2 million in the past two months. They are often referred to as ‘Vanity addresses’. They are basically Bitcoin addresses that have a particular word somewhere in the address. In this it is of course, ‘Elon Musk’. Examples of such addresses are,

  • 2BqpBj3EL0nMUsKYok4abiGhqqNbvraM4F
  • 1ELonMUsKZzpVr5Xok8abiXhhqGbdrnK5C


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The CEO of the cyber security company Adaptive, Justin Lister has found information from the researcher. Moreover, Justin along with BitcoinAbuse, a database that store the information of Bitcoin affected by scams. he further combined all the addresses for the past two months.

He ultimately found that almost 201 Bitcoin sent to 66 different addresses in April. Most of the Bitcoin amount sent through YouTube live streams and from those whose accounts had been hijacked. Later those accounts were forcibly made to produce videos on Bitcoin scam.


A few days ago, a SpaceX bitcoin scam video circulated and it frequently popped up on Youtube which claimed to give free 5,000 Bitcoin. The video included the historic launch of the first human space mission. The video had two NASA astronauts at NASA’s Kennedy Space Centre in Cape Canaveral, Florida. It also featured an interview with Elon Musk on the recent SpaceX launch. 

The video contained an URL and a Bitcoin address where people had to send their coins so that they could participate in the giveaway. And when you click on the URL, it redirects you to a page titled, “SpaceX Foundation 5,000 Bitcoin Giveaway Airdrop”. 

The famous BTC giveaway scams often feature famous celebrities and CEOs that are one the news that time. Other than Elon Musk’s name, people use Jeff Bezos, the CEO and founder of Amazon, Microsoft’s Bill Gates and many other such well known faces. Often some people have fallen into the scams. They further report it to Google Inc., because they are the owner of YouTube.

However this doesn’t stop the scam giveaway videos to keep popping up on YouTube. It is obvious that SpaceX and Elon Musk do not give away any free Bitcoin. Scammers use their identity dishonestly. It is advisable that whoever comes across Bitcoin giveaways take full precautions. 

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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