Scams are nothing new to crypto-currency or the Internet in general, but there’s a new one going around on Twitter. The scammers hack verified Twitter accounts so they have the coveted blue check mark, change them to look like Elon Musk, and then post about a massive Bitcoin giveaway. Of course they need you to send some small amount of Bitcoin to an address to verify your participation, and say they will reply with a much larger amount. As with most something-for-nothing boons, the scammers walk away with all those small verification payments and are virtually untraceable.
Let’s be careful out there. No Internet billionaire or Nigerian prince is going to step in to save you. Be smart with your crypto-currency.