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Can Someone Send BTC to Elon Musk’s Bitcoin Wallet?

Somebody sent $243,000 in Bitcoin to an ‘Elon Musk’ scam wallet address!

A bitcoin address sent 5 BTC (worth $243,000) to a verified scam address connected with a fake Elon Musk website.

Many have probably seen some scammy tweets and video live streams, mostly tied to a fake celebrity account saying:

“BTC Giveaway! Send 1 BTC to verify, and receive 2 BTC in return!”

Nobody usually falls for those, although someone just did and it amounted to $243,000 in Bitcoin.

Last March 1, a Bitcoin address sent 5 BTC to a verified scam address. The address, 1EMuskYdgB3BtwxpEP46txN5EAN8KnA7dE, is connected with a fake Elon Musk website, that promises to return double of any amount of Bitcoin that it will receive between 0.1 and 10 BTC.

It is still unclear if the sender is a victim of the scammer or related to them, it is a reminder that the Tesla CEO is not here to make you rich beyond your wildest dreams.

A reason that people fall for those kinds of scams is that two truisms don’t always hold up in crypto. Sometimes there is a thing as a free lunch. For instance, in September 2020, decentralized exchange Uniswap airdropped 400 UNI tokens to its users. Anyone who held onto the tokens will now have $10,000.

When Showtime, an upcoming “NFT social network” hinted at its own airdrop by asking for Ethereum addresses on Twitter, it drew in legitimate blockchain authorities like CoinShares Chief Strategy Officer Meltem Demirors and Week in Ethereum publisher Evan Van Ness. The difference is that no one had been asked to send any funds.

But then again, protocols get hacked, liquidity pools are drained, and rugs are pulled. This is magical internet money, where fraud and financial freedom, scams and savings, live together.

Elon Musk is rich alright, and it is not because he is giving away free Bitcoin.

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