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Ethereum (ETH) Network Looks Promising for Elon Musk

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Ethereum (ETH) Network Looks Promising for Elon Musk

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.”

Who’s to Blame?

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.

A Deeper Understanding of the Tweet

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.