Scammers posing as Elon Musk are stealing from young investors, FTC says
CNBC — Scammers pretending to be Elon Musk have stolen at least $2 million from cryptocurrency investors over the past six months, the Federal Trade Commission said.
Con artists are stealing from people in so-called “giveaway scams” where people pose as celebrities or known figures in the crypto-world. They promise to “multiply” the cryptocurrency that investors send — but pocket the crypto instead, CNBC reported.
These crypto-scams have surged since October, hitting their highest level on record in the first quarter of 2021, according to FTC data.
The timing line up with a...