The Instagram deal with utilizing Elon Musk’s identify is being bought off in a Telegram account buying and selling group for hundreds of {dollars}, resulting in fears that it may very well be used to advertise a sketchy memecoin.
X person @henn100x first observed the @elonmusk account sale yesterday and warned customers to not “fall for any larp coins the next owner of the account might endorse.”
Telegram customers are at the moment bidding for the account within the “Tekk” username promoting group. The best bidder supplied $6,000 to purchase the account on Friday. The Instagram deal with has modified its username eight instances and at the moment has the identify “Tekk” in its bio.
Learn extra: Hacked X and Insta accounts used for Pump Enjoyable rug pulls
Different handles which can be being bid on embody @transformers, @terrorists, and @cocaines. Scammers typically take management of distinguished accounts to advertise shady cryptocurrencies or phishing hyperlinks to unsuspecting customers.
Tens of millions of {dollars} value of crypto have been stolen final yr after varied X and Instagram accounts, together with the likes of McDonald’s, Usher, and Wiz Khalifa, have been hacked.
In Musk’s case, there have been loads of crypto-based scams set up to capitalize on his identify and social media handles.
Musk hasn’t had an Instagram account for seven years and deleted his account again in 2018. He claimed to not just like the platform and tweeted, “Instagram is so thirsty, yet gives you Death by Water.”
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