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. The page quickly turned into an Elon Musk impersonation account.
Often scammers have used other compromised accounts to respond to the initial post, claiming they've received a bitcoin payment in a move created to trick users into thinking the scheme is legitimate. But the scammers have found ways to evade these restrictions, sometimes by using different characters but still maintaining a display name that appears to be "Elon Musk" at first glance - like using special characters that, with Twitter's font, look like a certain letter in the name.
Verified Twitter accounts were hacked yesterday by scammers who masqueraded as billionaire Elon Musk in an attempt to persuade users to part with bitcoins. "I left the post of director of Tesla, thank you all for your suppoot!" the tweet reads.
To contain this, micro-blogging site Twitter came up with a rule which prevents users from selecting his or her name to Elon Musk.
Twitter has come under fire from cryptocurrency commentators once again after the social network began actively promoting an ongoing scam involving a Bitcoin giveaway. Fortunately, this time, it isn't actually the man himself.More news: Virgin to reconsider policy to give priority seating to Vets
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But they didn't stop there - then (using a stolen credit card we can safely assume) they purchased advertising from Twitter and gave the post some extra promotion - causing tens of thousands of extra people to see it. These fakes of the past, however, only used Musk's name and likeness. They are then verified to get a blue tick mark and then changed to impersonate someone else.
Twitter says it is trying hard to combat these crypto-currency scams.
"In recent weeks, user impressions have fallen by a multiple of 10 as we continue to invest in more proactive tools to detect spammy and malicious activity". They sent out a tweet apologizing to their followers for the confusion and have managed to delete the false Elon Musk tweets.
Celebrities who have had their names used in these scams have complained about it, urging Twitter to take more serious steps to tackle the problem. Nobody is just giving away money for free - not various princes, and not fake Elon Musks.