If you are a fan of Elon Musk, the visionary entrepreneur and CEO of Tesla and SpaceX, you might have seen some tweets or websites claiming that he is giving away free cryptocurrency to his followers. You might have also been tempted to participate in these giveaways, hoping to double your money or receive a generous reward from your idol. However, before you send any crypto to these addresses, you should know that they are part of a sophisticated scam that has been plaguing the internet for months.
What is the Elon Musk Crypto Giveaway Marathon Scam?
The Elon Musk Crypto Giveaway Marathon scam is a deceptive scheme that unscrupulously exploits the name and image of Elon Musk to trick unsuspecting victims into sending cryptocurrency to fraudulent addresses. The scammers use various techniques to lure people into their trap, such as:
Creating fake Twitter accounts that look identical to Elon Musk’s official account, with a slight variation in the username or a missing verification badge.
Posting replies to Elon Musk’s real tweets, promoting the giveaway and providing a link to a malicious website.
Hijacking popular hashtags or topics related to Elon Musk, Tesla, SpaceX, or cryptocurrency, and spreading the giveaway link.
Buying ads on social media platforms or search engines that direct users to the scam website.
Creating professional-looking websites that mimic Elon Musk’s official pages or events, with a countdown timer, a live chat, and testimonials from fake participants.
Asking users to send a small amount of crypto (usually Bitcoin, Ethereum, or Binance Coin) to a specified address, promising to send back double the amount or a larger reward.
Displaying fake transactions or balances on the website to create a sense of urgency and legitimacy.
The reality is that there is no giveaway at all. Once the victims send their crypto to the scammers’ address, they will never receive anything back. The scammers will either cash out the crypto anonymously or transfer it to another address. The victims will lose their money and their personal information, which could be used for further fraud or identity theft.
According to the Federal Trade Commission (FTC), more than $2 million were lost to Elon Musk impersonators in just six months in 2022. Another report by Whale Alert, a blockchain analysis company, estimated that one victim lost £407,000 (approximately $560,000) in March 2023 by falling for this scam. These numbers show how widespread and lucrative this scam is for the criminals behind it.
How can you avoid falling for the Elon Musk Crypto Giveaway Marathon Scam?
Here are some tips to avoid falling for the Elon Musk Crypto Giveaway Marathon scam:
Always verify the source of any information or offer related to cryptocurrency. Do not trust links or buttons from unknown sources. Use reputable websites and platforms to check the validity and reputation of any address or transaction.
Be skeptical of any giveaway that sounds too good to be true. Remember that no one will give you free money without asking for something in return. If someone claims to double your money or send you a huge reward, they are most likely trying to scam you.
Do not let your emotions cloud your judgment. Scammers often use psychological tricks to manipulate your feelings and make you act impulsively. Do not let your admiration for Elon Musk or your fear of missing out influence your decisions. Take your time and do your research before sending any crypto.
Use security tools and services that can help you detect and block scams. For example, you can use Malwarebytes Browser Guard, a free browser extension and mobile app that can alert you of scams, phishing attacks, malware, and dangerous links.
Check Your Device for Malware
The Elon Musk Crypto Giveaway Marathon scam can distribute malware or redirect to other malicious sites, if you suspect your device is infected with malware, you can scan it for free with Malwarebytes. To check your computer or phone for Trojans, browser hijackers, or other malware and remove them for free, run a scan with Malwarebytes Free.
Malwarebytes can run on Windows, Mac, and Android devices. Depending on which operating system is installed on the device you’re trying to run a Malwarebytes scan, please click on the tab below and follow the displayed steps.
Malwarebytes For WindowsMalwarebytes For MacMalwarebytes For Android
Scan your computer with Malwarebytes for Windows to remove malware
Malwarebytes stands out as one of the leading and widely-used anti-malware solutions for Windows, and for good reason. It effectively eradicates various types of malware that other programs often overlook, all at no cost to you. When it comes to disinfecting an infected device, Malwarebytes has consistently been a free and indispensable tool in the battle against malware. We highly recommend it for maintaining a clean and secure system.
Download Malwarebytes
Download the latest version of Malwarebytes for Windows using the official link below. Malwarebytes will scan your computer and remove adware, browser hijackers, and other malicious software for free.
(The above link will open a new page from where you can download Malwarebytes)
Install Malwarebytes
After the download is complete, locate the MBSetup file, typically found in your Downloads folder. Double-click on the MBSetup file to begin the installation of Malwarebytes on your computer. If a User Account Control pop-up appears, click “Yes” to continue the Malwarebytes installation.
Follow the On-Screen Prompts to Install Malwarebytes
When the Malwarebytes installation begins, the setup wizard will guide you through the process.
You’ll first be prompted to choose the type of computer you’re installing the program on—select either “Personal Computer” or “Work Computer” as appropriate, then click on Next.
Malwarebytes will now begin the installation process on your device.
When the Malwarebytes installation is complete, the program will automatically open to the “Welcome to Malwarebytes” screen.
On the final screen, simply click on the Open Malwarebytes option to start the program.
Enable “Rootkit scanning”.
Malwarebytes Anti-Malware will now start, and you will see the main screen as shown below. To maximize Malwarebytes’ ability to detect malware and unwanted programs, we need to enable rootkit scanning. Click on the “Settings” gear icon located on the left of the screen to access the general settings section.
In the settings menu, enable the “Scan for rootkits” option by clicking the toggle switch until it turns blue.
Now that you have enabled rootkit scanning, click on the “Dashboard” button in the left pane to get back to the main screen.
Perform a Scan with Malwarebytes.
To start a scan, click the Scan button. Malwarebytes will automatically update its antivirus database and begin scanning your computer for malicious programs.
Wait for the Malwarebytes scan to complete.
Malwarebytes will now scan your computer for browser hijackers and other malicious programs. This process can take a few minutes, so we suggest you do something else and periodically check the status of the scan to see when it is finished.
Quarantine detected malware
Once the Malwarebytes scan is complete, it will display a list of detected malware, adware, and potentially unwanted programs. To effectively remove these threats, click the “Quarantine” button.
Malwarebytes will now delete all of the files and registry keys and add them to the program’s quarantine.
Restart your computer.
When removing files, Malwarebytes may require a reboot to fully eliminate some threats. If you see a message indicating that a reboot is needed, please allow it. Once your computer has restarted and you are logged back in, you can continue with the remaining steps.
Your computer should now be free of trojans, adware, browser hijackers, and other malware.
If your current antivirus allowed this malicious program on your computer, you may want to consider purchasing Malwarebytes Premium to protect against these types of threats in the future. If you are still having problems with your computer after completing these instructions, then please follow one of the steps:
Scan your computer with Malwarebytes for Mac to remove malware
Malwarebytes for Mac is an on-demand scanner that can destroy many types of malware that other software tends to miss without costing you absolutely anything. When it comes to cleaning up an infected device, Malwarebytes has always been free, and we recommend it as an essential tool in the fight against malware.
Download Malwarebytes for Mac.
You can download Malwarebytes for Mac by clicking the link below.
When Malwarebytes has finished downloading, double-click on the setup file to install Malwarebytes on your computer. In most cases, downloaded files are saved to the Downloads folder.
Follow the on-screen prompts to install Malwarebytes.
When the Malwarebytes installation begins, you will see the Malwarebytes for Mac Installer which will guide you through the installation process. Click “Continue“, then keep following the prompts to continue with the installation process.
When your Malwarebytes installation completes, the program opens to the Welcome to Malwarebytes screen. Click the “Get started” button.
Select “Personal Computer” or “Work Computer”.
The Malwarebytes Welcome screen will first ask you what type of computer are you installing this program, click either Personal Computer or Work Computer.
Click on “Scan”.
To scan your computer with Malwarebytes, click on the “Scan” button. Malwarebytes for Mac will automatically update the antivirus database and start scanning your computer for malware.
Wait for the Malwarebytes scan to complete.
Malwarebytes will scan your computer for adware, browser hijackers, and other malicious programs. This process can take a few minutes, so we suggest you do something else and periodically check on the status of the scan to see when it is finished.
Click on “Quarantine”.
When the scan has been completed, you will be presented with a screen showing the malware infections that Malwarebytes has detected. To remove the malware that Malwarebytes has found, click on the “Quarantine” button.
Restart computer.
Malwarebytes will now remove all the malicious files that it has found. To complete the malware removal process, Malwarebytes may ask you to restart your computer.
Your Mac should now be free of adware, browser hijackers, and other malware.
If your current antivirus allowed a malicious program on your computer, you might want to consider purchasing the full-featured version of Malwarebytes Anti-Malware to protect against these types of threats in the future. If you are still experiencing problems while trying to remove a malicious program from your computer, please ask for help in our Mac Malware Removal Help & Support forum.
Scan your phone with Malwarebytes for Android to remove malware
Malwarebytes for Android automatically detects and removes dangerous threats like malware and ransomware so you don’t have to worry about your most-used device being compromised. Aggressive detection of adware and potentially unwanted programs keeps your Android phone or tablet running smooth.
Download Malwarebytes for Android.
You can download Malwarebytes for Android by clicking the link below.
In the Google Play Store, tap “Install” to install Malwarebytes for Android on your device.
When the installation process has finished, tap “Open” to begin using Malwarebytes for Android. You can also open Malwarebytes by tapping on its icon in your phone menu or home screen.
Follow the on-screen prompts to complete the setup process
When Malwarebytes will open, you will see the Malwarebytes Setup Wizard which will guide you through a series of permissions and other setup options. This is the first of two screens that explain the difference between the Premium and Free versions. Swipe this screen to continue. Tap on “Got it” to proceed to the next step. Malwarebytes for Android will now ask for a set of permissions that are required to scan your device and protect it from malware. Tap on “Give permission” to continue. Tap on “Allow” to permit Malwarebytes to access the files on your phone.
Update database and run a scan with Malwarebytes for Android
You will now be prompted to update the Malwarebytes database and run a full system scan.
Click on “Update database” to update the Malwarebytes for Android definitions to the latest version, then click on “Run full scan” to perform a system scan.
Wait for the Malwarebytes scan to complete.
Malwarebytes will now start scanning your phone for adware and other malicious apps. This process can take a few minutes, so we suggest you do something else and periodically check on the status of the scan to see when it is finished.
Click on “Remove Selected”.
When the scan has been completed, you will be presented with a screen showing the malware infections that Malwarebytes for Android has detected. To remove the malicious apps that Malwarebytes has found, tap on the “Remove Selected” button.
Restart your phone.
Malwarebytes for Android will now remove all the malicious apps that it has found. To complete the malware removal process, Malwarebytes may ask you to restart your device.
Your phone should now be free of adware, browser hijackers, and other malware.
If your current antivirus allowed a malicious app on your phone, you may want to consider purchasing the full-featured version of Malwarebytes to protect against these types of threats in the future. If you are still having problems with your phone after completing these instructions, then please follow one of the steps:
Restore your phone to factory settings by going to Settings > General management > Reset > Factory data reset.
The Elon Musk Crypto Giveaway Marathon scam is one of the many examples of how scammers exploit people’s trust and curiosity to steal their money and identity. By being aware and vigilant, you can protect yourself from these scams and enjoy the benefits of cryptocurrency safely and securely.
Stelian leverages over a decade of cybersecurity expertise to lead malware analysis and removal, uncover scams, and educate people. His experience provides insightful analysis and valuable perspective.
