Woman Loses N6 Million to Elon Musk Bitcoin Scam

A teacher from Brighton England has lost her savings worth £9,000 to a Bitcoin scam
The scammers who posed as Elon Musk asked the victim to send her money and reduce double
According to research by Whale Alert, 5,600 people have lost money totaling $18 million to crypto give away scams in 2021

The crypto world is a dangerous place for newbies. There are lots of ways to lose your money and one of them is through scams.

Avoid Bitcoin scams

An English woman from Brighton was the victim of one of these scams on social media.

Julia Bushnell felt embarrassed after losing £9,000 (6 million Naira) to a Bitcoin scam.

The scammers impersonated Elon Musk by offering to double any money that people offered in a giveaway.

The scammers also cloned the BBC website to post news about the cryptocurrency giveaway.

Bushnell paid £9,000 which she had been saving a deposit for a new home.

When she waited for hours and nothing came back, she realized that she had been scammed.

The crime was reported to the Sussex police station but the teacher has been unable to recover her funds.

Research by crypto platform, Whale Alert has revealed that 5,600 have lost a total of $18 million to giveaway scams in the first 3 months of 2021.

This is more than half the number of people that lost money in the whole of 2020 (10,500).

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