Elon Musk “Freedom Giveaway” Crypto Scam Spread on Twitter

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Author: Trend Micro

December 15, 2022

Twitter and new owner Elon Musk have been everywhere in the news lately — and scammers have been using the trending publicity to push more crypto-related scams via Twitter. The latest is the “Freedom Giveaway” scam. Twitter users who follow Elon Musk (and related accounts like Tesla and SpaceX) are the target. Would-be victims are added to a “Deal of the Year” list that randomly targets users, with links to malicious websites, as below, that are supposedly offering great deals and giveaways.

Source: Twitter

Victims are being persuaded to deposit small amounts of crypto into the related threat actor’s wallet — with the false promise that they can receive up to 5,000 Bitcoin in return. In addition, the “Freedom Giveaway” scam invites users to answer quiz questions on the freedomgiveaway[dot]net website. After “passing” the quiz stage and “verifying age”, victims will be asked to connect a BTC address and choose either Ethereum, Bitcoin, or Binance Coin.

Needless to say, the websites are designed to steal money and harvest personal details — take part in the giveaway, and the only thing that will be given away is your own crypto, money, and identity! This is not the first scam of its kind: similar scams have taken in millions of dollars, according to reports. You can see our own previous reporting on Elon Musk/Twitter crypto scams here. Be safe out there, folks!

URLs to avoid:

freedomgiveaway[.]net
mastergiveaway[.]net

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This article was published in collaboration with Trend Micro

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