For a few months now, Ethereum giveaway scammers have impersonated different prominent figures in the cryptocurrency world. The scammers promised users a considerable return in exchange for a small amount of ETH. In response, Twitter removed over 486 accounts for “engaging in coordinated manipulation.” Elon Musk, one of the attack victims, salutes twitter for the removal. It appears the Ethereum network is looking promising for Elon Musk.
While this original statement made no mention of crypto, another user of the platform responded to Musk, poking fun at Ethereum scambots and trolls. Elon Musk, to everyone’s surprise, jokingly answered that the promised ETH is coming.
What caught the crypto world by storm was Elon’s last comment on the matter saying that he “wants ETH even if it’s a scam.”
Security researcher, Troy Mursch, recently revealed that accounts impersonating the Tesla executive were actually ‘recommended’ for Mursch to follow.
Not only were these accounts impersonating Musk, but they were also advertising malicious links for an “official 5,000 ETH giveaway” from Elon Musk himself. Twitter’s attempt to solve the problem has been widely unsuccessful. Mursch later took to Twitter to post more images of the same issue.
Ethereum co-founder, Vitalik Buterin, asked Jack Dorsey, Twitter’s CEO, to fix the issue. He has also suggested that developers establish a second-layer solution to filter out these bots.
The multi-billionaire hasn’t been shy about his awareness of the blockchain sector, either – in January; Musk joked that the Boring Company flamethrowers would have “the safe word ‘cryptocurrency’ [and come] with a free blockchain.”
The tweet, though, does not give details on whether Musk would do anything with Ethereum. Some analysts believe that Musk could use the Ethereum network to make an initial coin offering (ICO). Others think that Musk might finally be ready to join the crypto world.
But there is another side to this story.
As of late, the Ethereum network is questioned again, and the usage of the coin by finance startups is also declining. Is this isn’t an elaborate plan for ETH to recover some lost ground? If so, the question remains if Elon was in on this whole trick.
Whatever the truth might be, it is certain that this episode has brought ETH back on the crypto map.
Cryptocurrency has come a long way since the inception of Bitcoin in 2009. With the…
Ripple: The Company While people often use the two terms interchangeably, there is a clear…
Learn the differences between Bitcoin vs Bitcoin Cash and why they're important.
Ripple's unique consensus-based protocol for validating transactions allows for super-fast transaction times and low commissions.
A comprehensive list of the 13 crypto exchanges with the lowest fees.
Can Nexo solve some of crypto and finance's biggest problems?