Crypto

Someone Sent $100k Worth of Bitcoin to Michael Saylor Giveaway Scam Wallet

bitcoin cryptocurrency

An unknown party has sent approximately $100,000 in Bitcoin to a wallet that has been identified as a Michael Saylor impersonation hoax.

Impersonation scams are becoming more common in the Bitcoin (BTC) space, and many people are falling for them. Someone contributed two Bitcoins to a phony giveaway address using MicroStrategy’s CEO’s name in the most recent incident.

Bad actors imitate a well-known personality in giveaway scams and push deceptive campaigns promising to double all Bitcoins transferred to their addresses.

Those who succumb to the scam will, without a doubt, never receive any BTC. Even though it appears to be too wonderful to be true, people continue to fall for it.

Michael Saylor, the CEO of MicroStrategy and a vocal proponent of Bitcoin, is one of the most well-known figures in the cryptocurrency world. As a result, it’s unsurprising that con artists routinely utilize his name to promote similar schemes.

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Saylor’s condition is a little more concerning. Bad actors continue to set up websites in his name, claiming that he will double all Bitcoin transferred to his address from his personal and corporate accounts, which contain billions of dollars.

According to the scam-alert database, one of the most recently found similar websites has been online since December 2021 and has already received $650,000 in BTC.

One transaction, in particular, drew our attention, as an unknown party wired two BTC worth nearly $100,000 to the scammer’s address yesterday. Another identical address using Saylor’s name was active in November, according to the scam alert.

The Author

Samuel Adeshina

Samuel is a financial reporter whose interests include blockchain, market, business, insurance, and Crypto to provide relevant information to all interested.