Don’t Let the Elon Musk “Freedom Giveaway” Crypto Scam Swindle You

Added to Twitter list, allegedly by Elon Musk, promising “Freedom” giveaways? It’s a scam. Here’s everything you need to know.

Have you been added to a random Twitter list called “Deal of the Year” or similar? Is there an image at the top of the list showing Elon Musk’s tweet saying he randomly selected some new followers and gave them a chance to participate in the biggest giveaway yet? This is a fake tweet that creates the basis for a scam.


How does this scam work? What should you do when someone randomly adds you to a Twitter list? If you become a victim of this scam, what should you do?

What is Elon Musk’s “Free Giveaway” Cryptocurrency Scam?

about fake elon musk gifts

“Freedom Giveaway” is a cryptocurrency scam targeting Twitter users. In this scam, cybercriminals add Twitter accounts to a random Twitter list. Most of these accounts are likely to be accounts that have recently followed Elon Musk or his companies on Twitter, but there may be others that have not.

At the top of the Twitter list, the scammers added a fake image of a tweet, allegedly from Elon Musk, where he appeared to be announcing the “biggest” cryptocurrency giveaway. At the end of the fake tweet, the scammers instruct users to visit a fake giveaway website set up by the scammers.

Since Elon Musk advocates free speech, scammers chose a clever domain name containing the term “freedom”. Furthermore, the Twitter accounts that add these users to their lists all use the official Twitter logo. In general, cybercriminals do a great job of making things look authentic.

Overview of the Freedom Giveaway website

When potential victims visit the fake website, a window pops up asking them to confirm that they are over 18 years old. After confirming this and clicking “Continue”, they will be greeted with a nice looking landing page featuring a picture of Elon Musk. The next screen then asks the would-be victims to answer some easy questions about Musk or any of his companies.

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After answering a few questions (whether right or wrong), another screen appears containing an address bar where potential victims are instructed to enter their BTC wallet address.

That’s the address the scammers claim the prize will be sent to. After entering their wallet address, the victim will reach the final screen.

Freedom Giveaway scam website giveaway page

On this screen, victims see a wallet address (possibly owned by the scammers) and a message stating that anyone who sends cryptocurrency to this address will immediately receive multiple payouts. return on their investment. This means that if someone sends one BTC, they will receive 5x, 10x, or even higher multiples.

The fake giveaway website claims that the giveaway will end after 5,000 people participate. To speed up the process, the scammers also added a fake counter on the page, seemingly showing how many people had participated. Scammers keep the counter close to 5,000 to make their victims feel like they will miss out if they don’t act promptly.

Fake countdown to cause panic on scam website

Finally, some fake comments at the bottom of the giveaway page praised Musk for running such a great giveaway. These are completely untrue.

Google currently marks the website, Freedomgiveaway(dot)com, used by scammers to propagate the “Freedom Giveaway” scam as unsafe. As a result, the scammers abandoned the main domain and started spreading the same scam using other domains.

Therefore, you may encounter a similar landing page on a domain name that does not include the word “free”.

So how do scammers make money from this?

How do scammers profit from this scam?

Scammers can profit from this scam in many ways:

  • When innocent users believe the giveaway and send their cryptocurrency to the scammer’s wallet, they do not return it. That’s one way scammers profit from this scam.
  • Scammers added a QR code on the giveaway page. People who accidentally scan it could have their cryptocurrency wallet, phone, or other device they are using hacked.
  • When victims share their wallet addresses to enter a giveaway, which is likely to contain cryptocurrency, scammers may also attempt to hack and steal their funds.
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The list goes on and on…

What should you do when targeted by this scam?

If you’ve been added to a Twitter list but haven’t visited the site the scammers are directing you to, all you have to do is remove yourself from that list and report the scammer’s account. add friend.

To remove your account from that Twitter list, you will have to block its creator. Removing yourself from your Twitter list is easy. So, find the list where you were added and block the creator.

You should then report the Twitter account that added you to the list if it’s not the account you blocked. The process of reporting a Twitter account is also simple and helps fight cybercrime.

But what should you do if it’s too late and you’ve already lost money due to the “Free Gifting” scam?

What should you do if you are a victim of the “Free Gifting” scam?

If you just visit the scammers’ website or fill out the quiz but haven’t revealed your wallet address, you’re safe. Just close the website and don’t visit it again. You can also have your security suite scan for any potential malware that is automatically downloaded, although we haven’t heard of this happening through this particular scam.

However, if you have entered your wallet address on the site, scammers may already have a hold of it. Transfer your funds from one wallet to another. This way, if scammers try to hack your wallet using the address you shared, they will get nothing (as long as you act fast).

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If you made a mistake and sent cryptocurrency to a scammer, there isn’t much you can do. Cryptocurrency transactions are irreversible, so you can’t get them back. Instead of panicking further, transfer the remaining funds from the wallet you used to make the transaction.

If you have scanned the QR code on the website, disconnect your device from the internet immediately. This will prevent scammers from continuing to use your device if they have intelligent access to it.

Then, perform a malware scan on your device to make sure it is not infected. You should also reset network settings on Windows or on your Mac and scan your browser. Then, check your installed apps and remove any suspicious apps that you find that you don’t remember installing.

Beware of the “Free Gift Giving” scam

“Freedom Giveaway” is a clever cryptocurrency scam that scammers use to scam people on Twitter. While the scam primarily targets Twitter users, you should be cautious when using any other social media platform as scammers may use it there as well.

And spread the word about this scam so other Twitter users don’t fall victim to it.

Categories: Tips & Tricks

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