CryptocurrencyNEWSScams

Elon Musk: “I Want Ethereum (ETH) Even If It Is A Scam”

Elon Musk, who is unarguably the world’s foremost entrepreneur, has finally made his section mention of Ethereum (ETH). While this would normally be seen as a potential turning point for this nascent industry, Musk’s mention of the popular cryptocurrency was through the lens of it possibly being a scam… uh oh!

On Tuesday, Techmeme, a San Francisco-based technology-centric news aggregator, posted a tweet that highlighted Twitter’s removal of 486 accounts that were reportedly participating in malicious schemes.

Elon Musk, who has been subject to attack via Twitter accounts acting in malintent, fittingly responded to the tweet, noting that this was a “great action” made by the social media giant that will “increase usage by real users.” While this original statement made no mention of crypto, another user of platform responded to Musk, poking fun at Ethereum scambots in the following statement:

Elon so you won’t send me that ETH after all?

As reported by Ethereum World News in early July of 2018, the Tesla and SpaceX CEO (amongst other accomplishments) is no stranger to Twitter scambots, as he acknowledged the bots that plagued his profile for months, by asking “who is running the Ethereium scambots” at an earlier date.

Back to the matter at hand, Musk, who is clearly aware of these bots as established, jokingly fired back a reply, adding that the ETH that was ‘promised’ “is coming, I swear.” As such a reply wasn’t unexpected by the man himself, Twitter users quickly flocked to the thread to further the conversation. After likely receiving hundreds, if not thousands of messages regarding ETH, other crypto assets, and blockchain tech, the world-renowned entrepreneur made one final comment on the situation, stating that “at this point, I want ETH even if it is a scam.”

While this is clearly a joke, it’s comforting knowing that Elon Musk, a role model to millions of individuals around the world, has taken some interest, albeit small, in this nascent industry that has the potential to reach a global audience.

Could Twitter Be To Blame For The Crypto Scambot Debacle? 

Although Twitter has taken actions against the aforementioned 486 accounts, as per an article from The 

Next Web’s crypto-centric column, the San Francisco-based social media firm might just be exacerbating the problem. Security researcher Troy Mursch recently revealed that accounts impersonating the Tesla executive were actually ‘recommended’ for Mursch to follow.

Not only were these accounts impersonating Musk, but unsurprisingly, they were also advertising malicious links for an “official 5,000 ETH giveaway” from Elon Musk himself. Evidently, Twitter’s attempt to amend this problem has been widely unsuccessful, with Mursch later taking to Twitter to post even more images of the same issue.

This issue has become so widespread that Ethereum co-founder Vitalik Buterin even tagged Jack Dorsey, Twitter’s CEO, asking him to fix the issue, while also asking developers to establish a second-layer solution to filter out these bots. So far, nothing seems to have resulted from Buterin’s cries for help, as these bots remain a rampant force to be dealt with.

Title Image Courtesy of Heisenberg Media @ Flickr
About author

Nick has been enamored with cryptocurrencies since foraying into the industry in 2013. He has since gotten involved as a reporter, covering news on a number of blockchain- and crypto-related outlets.
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