‘Please help’, beg those who lost US$2mil to fake Elon Musks

Since October 2020, consumers have reported losing more than US$80mil (RM331.48mil) to crypto-investment scams, according to the US FTC. — Bloomberg

Dozens of consumers who were scammed by Elon Musk impersonators taking advantage of the recent cryptocurrency mania are begging the US Federal Trade Commission for help getting their money back.

Since October 2020, consumers have reported losing more than US$80mil (RM331.48mil) to crypto-investment scams, according to the federal agency. Many of the schemes promised that a celebrity associated with cryptocurrency would multiply and return any coins the consumer sent to their digital wallet. The losses to Elon Musk impersonators alone have exceeded US$2mil (RM8.28mil).