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Home»Tech World»TikTok is filled with fake cryptocurrency videos

TikTok is filled with fake cryptocurrency videos

By Adrian Miles18/09/20233 Mins Read
TikTok is filled with fake cryptocurrency videos
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Elon Musk, the current owner of X (Twitter), Tesla, Space However, he is not stupid.

A couple of years ago he played with the price of Bitcoins and other cryptocurrencies by announcing that Tesla customers had the possibility of purchasing their vehicles by paying for them with this cryptocurrency. Some time later, he spoke repeatedly about Dogecoin, a cryptocurrency derived from Bitcoin and which has a Shiba dog as a pet.

In recent years, Facebook, Instagram and Twitter (before their purchase by Elon Musk) were full of advertisements and promotional videos for cryptocurrencies that, supposedly, gave away some of the richest and best known people in the world. These campaigns are focusing on TikTok

The friends of others have created a new campaign that is flooding TikTok with videos related to Elon Musk and cryptocurrencies, videos in which it is stated that the owner of X, Space X, Tesla and The Boring Company is giving away Bitcoins through Promotional code.

In the videos you can see Elon Musk announcing the promotion with your own voice through different interviews that he has conducted on television, videos created using Artificial Intelligence and whose sole purpose is to scam users.

Elon Musk is not giving away cryptocurrencies

If we do a simple search on TikTok with the terms cryptocurrency giveaway, in the search results, a large number of videos appear in which they talk about a giveaway that Elon Musk is doing and in which give away bitcoins to all users who create an account on the advertised exchange by entering the corresponding promotional code to obtain the cryptocurrencies.

All of these websites have a completely normal appearance and are offered as exchangers where you can store cryptocurrencies and carry out transactions with them. Its operation is very simple. Once we have created an account, we must enter the promotional code that we have seen in the TikTok video in order to claim our reward. So far everything is correct.

But, if we want to withdraw the money, the website invites us to activate the account. To activate the account, we must make a deposit in Bitcoins of an amount less than what we have supposedly obtained. This is where the scam is, since other people’s friends take the activation amount and we will never see the bitcoins that Elon Musk has given us.

The Internet is full of videos, advertisements and emails promoting all kinds of related gifts and we can find them on any website and platform and we could say that 99.99% of the time, they are scams, especially when We must make a payment or enter a large number of personal data, including payment methods to confirm that we are of legal age.

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