Elon Musk Bitcoin Promo Code

Elon Musk Bitcoin Promo Code: The risky new cryptocurrency fraud is going viral using billionaire Elon Musk’s Bitcoin Promo Code. Videos have surfaced purporting to show Musk handing out free Bitcoin valued at hundreds of dollars to launch a new cryptocurrency platform.

It instructs consumers to visit a phony website and input a promo code to benefit from the false deal. However, the anticipated cryptocurrency dividends never show up. Instead, victims who follow the instructions let hackers steal their personal information and money.

This essay will detail the workings of the Elon Musk Bitcoin giveaway hoax on TikTok, including the dishonest strategies used to trick victims. We’ll walk you through the whole scam process so you can spot these con artists before you fall for them. Our guide will also cover what to do if you lose money to one of these cryptocurrency scammers. Continue reading to learn how to avoid falling for Bitcoin scams on TikTok.

Overview of the Scam

The Elon Musk Bitcoin Promo Code Giveaway fraud is a risky cryptocurrency fraud spread over TikTok by luring users in with the promise of free Bitcoin and billionaire Elon Musk’s name. Claiming that Musk is offering massive quantities of Bitcoin as part of a unique promotional giveaway program, scammers are posting brief films online.

The films usually feature Musk announcing the birth of a new cryptocurrency platform via fictitious interviews, tweets, or advertisements. According to the statement, he gives every user promotional codes worth 0.1 to 1 total bitcoin to celebrate the debut. To participate in this fictitious giveaway, viewers must visit a linked website and input the promotion code in the video. Typically, these codes appear as a random string, such as “gzpn2eh2.”

THE ELON MUSK IMPERSONATION

Attackers have long since discovered that it is much more successful to encourage widespread fraud on behalf of well-known figures. Of the public figures involved in Bitcoin giveaway schemes, Elon Musk is the first. Furthermore, every fraud, including Elon Musk, gains legitimacy due to his odd behavior, the propensity to make up stuff in public, and the promotion of dubious items. So, the con artist released a spoof video featuring Fox News and other media outlets interviewing Elon Musk and advertising a bogus Bitcoin giveaway.

The plan is to pose as Elon Musk and his companies, SpaceX and Tesla. Their purpose is to give the impression that they are part of an actual campaign. For this reason, some movies show viewers how to sign into the specified website and input a promo code to get free bitcoins.

HOW DO CRYPTOCURRENCY SCAMMERS WORK?

It starts with a TikTok video the user can find using the hashtag #bitcoinforbeginners. We see many identical videos as if they were copied. The only thing that makes them different is the promo code, which differs for each. After selecting a video at random and viewing a snippet of the previously mentioned interview on the cover, we registered on the website.

We open the site, register, and enter the code—voila! We have bonuses on our account. When we attempted to remove them, an error message stated that the account setup and activation needed to be finished.

Hong Kong arrests celebrities linked to JPEX amid investigations.

Hong Kong police have detained a well-known figure on the internet allegedly involved with the unregulated cryptocurrency website JPEX. On September 18, the Hong Kong Police Commercial Crime Bureau detained internet personality Lam Zuo for endorsing the JPEX exchange, according to a local article. Before this, the Securities and Futures Commission (SFC) cautioned against using the cryptocurrency trading platform.

Furthermore, according to the South China Morning Post (SCMP), since launching the hotline. Hong Kong police have allegedly received 83 complaints against JPEX. Digital assets valued at around HK$34 million (US$4.3 million) are in danger due to public complaints.

The SFC reportedly said on September 13 that JPEX is not subject to regional regulation. The regulatory body also said that the trade volume on the platform is uncontrolled and that the Dubai-based firm still needs to apply to get a license.

One of the warnings, according to SCMP, concerned JPEX’s advertisements. The regulator in Hong Kong asserts this is “too good to be true.”

The trading site raised its withdrawal costs dramatically after issuing the warnings. Wu Blockchain tweeted that the fees were around 980 USD per withdrawal. The article also said that JPEX had withdrawn from its stand at the Token 2049 conference in Singapore.

Chainlink surges amid high exchange inflows and social volume

After hitting a local low of $5.7 on September 11, Chainlink’s (LINK) price has steadily risen, with a market capitalization of $3.1 billion. As of this writing, LINK is trading at $6.56, up 5% over the last day. With a 24-hour trading volume of around $198 million, the asset’s market value increased to $3.65 billion.

The recent spike in LINK’s price has resulted in a large social volume, according to data from the market intelligence platform Santiment. After declining for three days, this is a 150% increase in the social trend.

Furthermore, according to Santiment, the number of transactions involving at least $100,000 worth of LINK rose by 27% in the previous day to 34 transfers per day.

As of this writing, 15.7 million tokens—worth around $103 million—had entered Binance, according to on-chain data. This is the reason for the changes. On September 16, the transactions from four addresses unlocked 18.75 million LINK.

Deutsche Bank to secure crypto for institutions, TRX and DOMI may find support.

Deutsche Bank will provide safe storage options to alleviate institutional investors’ fears about investing in cryptocurrencies. This might affect well-known and recently developed projects, such as Domini: Art (DOMI) and Tron (TRX). Domini.

Art is a platform that provides services in the decentralized financial (defi) sector by combining blockchain technology with conventional art practices. Due to its integration of art and economics, it has been receiving more attention in the cryptocurrency market.

HOW TO AVOID CRYPTO SCAMS?

Users’ ignorance is the primary premise of this fraudulent technique. The second is the need to profit for no reason out of greed. While we can assist with the first, expertise is necessary for the second. Realizing that nothing in life comes for free and that you have to pay for everything is crucial. Furthermore, it would help if you didn’t heed TikTok’s investment recommendations.

Elon Musk’s cryptocurrency freebies are phony, much like his claims to improve Twitter. Investing in cryptocurrency is something other than something you should do for fun. Before investing, you should thoroughly research and comprehend this industry. Losses are unavoidable otherwise. Furthermore, we advise you to stick to using approved platforms and applications. Red flags like these may assist you in spotting scams:

The advertisement offers free Bitcoin in exchange for carrying out easy tasks like leaving a comment on a post, viewing a movie, or creating an account.

• This advertisement needs to be corrected.
• The advertisement seems casual or amateurish.
• You must input the ad’s personal information or the details of your Bitcoin wallet.
• It’s advisable to disregard posts or comments exhibiting any of these characteristics.

Conclusion

A new cryptocurrency scam in TikTok claims to offer free Bitcoin to launch a new platform. The scammers use Elon Musk’s name and likeness to lure users with the promise of free Bitcoin. They posted fictitious videos showing Musk handing out bitcoins worth hundreds of dollars. Users must visit a phony website and input a promo code to participate. The scammers use a spoof video featuring Elon Musk and his companies, SpaceX and Tesla, to create the illusion of an actual campaign. The scam begins with a TikTok video with the hashtag #bitcoinforbeginners, with the promo code varying for each. 

The scam has led to the arrest of a well-known figure linked to the unregulated cryptocurrency website JPEX, which has raised withdrawal costs and market value. The scammers also offer safe storage options for institutions such as Domini: Art and Tron. To avoid falling for these scams, users should research the industry thoroughly, avoid scams, and use approved platforms and applications.

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