Therefore, it is not surprising that his name would be eventually targeted by cybercriminals.
The verified Twitter accounts of film producer Pathe UK, British fashion retailer Matalan, US publisher Pantheon Books, and independent record label Marathon Artists, are among those hijacked by attackers.
"As I'm sure you can probably guess, anyone who pays up never sees their money again and at the time of writing, the wallet involved in at least one of these operations holds around £125,000 worth of Bitcoin".
The scammers compromised these verified accounts and changed the display name to "Elon Musk" in a bid to abuse the trust of other Twitter users. Rather, in a report via the BBC, a number of high profile Twitter accounts have been hacked and have started posting scan messages from a user purporting to be the Tesla CEO.
I'm giving 10 000 Bitcoic (BTC) to all community! I left the post of director of Tesla, thank you all for your suppoot!
I decided to make the biggest crypto-giveaway in the world, for all my readers who use Bitcoin. The users do not get any Bitcoin. For senders of more than 0.5 bitcoin, a bonus was provided.
Elon Musk's fake account promises to distribute 10,000 BTC (64.1 million USD) for the users but they have to deposit the money first to "prove that they are serious".
While the scammers first promoted their tweets, the promoted tweets were erased, but some of the accounts remain active.
Elon Musk seems to be a preferred target of impersonators on Twitter and November 5 was another such day that saw a number of accounts being hacked to impersonate Elon Musk with one almost collecting $170000. In April, founder and CEO of Telegram Pavel Durov tweeted a warning, telling his followers that the messaging app was experiencing downtime due to its server clusters overheating.