What is the Elon Musk bitcoin promo code scam on TikTok?

The Elon Musk Bitcoin Promo Code scam on TikTok is a well-orchestrated deception. Deep fake technology showcases Musk’s seeming endorsement, but in truth, he has no ties to these promotions. Users are baited with faux Bitcoin deposits and then tricked into sending real crypto for “activation”.

Is Elon Musk promoting fake bitcoin giveaways?

The elaborate cryptocurrency scam exploiting Elon Musk’s fame to promote fake Bitcoin giveaways raises many questions for the public. This FAQ guide provides answers to help you recognize, avoid and report these fraudulent promotions targeting fans. What exactly is the Elon Musk Bitcoin promo code scam?

How much money did Elon Musk make from a crypto giveaway scam?

According to a Coin Market Cap report, the “Elon Musk” crypto giveaway scam made at least $587,000 from unsuspecting people in 2022. Coin Market Cap is a price tracking website for cryptocurrencies. To help protect yourself against online scams, read our guide to Facebook scams and how to spot them.