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So, how does the scam work?

• klipt 5y ago
  If it's like other crypto giveaway scams it works like this: Twitter account impersonating some celebrity, e.g. Musk: "to show my love for crypto, I am giving some away. Send bitcoin to <some address> and I'll send double back!" Replies from other Twitter accounts controlled by the scammer: "wow, I had my doubts but I sent some money and got double back. Now I'm rich. Thanks Musk!" Marks: send crypto to that address and never get anything back.
  • SAI_Peregrinus 5y ago
    AKA the EVE Online Jita chat scam.
  • tehlike 5y ago
    People usually try with a small amount first. They might get that small amount back - which "confirms" they are getting something back. Then they send a larger amount.
  • senectus1 5y ago
    its astonishing that anyone would fall for this...