Elon Musk expresses his dislike with Twitter cryptocurrency scammers

The world's richest man, Elon Musk, took to Twitter to mock bitcoin giveaway scams, which are still a problem on the social media platform.


In reaction to a screenshot of a giveaway scam provided by Dogecoin co-founder Billy Markus, Tesla CEO Elon Musk once again lamented the proliferation of cryptocurrency spam on Twitter.
Elon Musk Crypto reactions

In reaction to a screenshot of a giveaway scam provided by Dogecoin co-founder Billy Markus, Tesla CEO Elon Musk once again lamented the proliferation of cryptocurrency spam on Twitter.


The billionaire has stated that the social media behemoth has been attempting to resolve the problem for quite some time.



For a long time, Musk has been battling bitcoin scammers. Back in 2018, before the Tesla CEO became a household name in the cryptocurrency world, he raised the issue of Ethereum spambots.


Paul Graham, a venture capitalist, has remarked on the matter, claiming that Twitter's spam detection may be too complex.


Musk mocked scammers with a tweet about Dogecoin in October. Scammers frequently promise to quadruple the money entrusted to them, but the billionaire turned the tables on them by offering them a far less profitable bargain.



Musk, Bill Gates, Kim Kardashian, and other important figures were targeted by Bitcoin scammers in July 2020, resulting in the largest Twitter attack to date.


According to data published by the Federal Trade Commission last year, cryptocurrency scammers impersonating Musk managed to net roughly $2 million.


Twitter is not the only social media company that continues to struggle with cryptocurrency scammers.


Musk impersonators can also be found on Facebook and Instagram. Popular YouTube channels also get compromised to create fake Bitcoin giveaway live streams featuring footage with the billionaire.