{"id":127620,"date":"2025-04-21T14:16:59","date_gmt":"2025-04-21T14:16:59","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127620"},"modified":"2025-04-21T14:16:59","modified_gmt":"2025-04-21T14:16:59","slug":"cz-receives-fake-grok-coins-amid-new-wave-of-elon-musk-scam-tokens","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127620","title":{"rendered":"CZ receives fake \u2018Grok\u2019 coins amid new wave of Elon Musk scam tokens"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsScammers are once again capitalizing on the popularity of Elon Musk\u2019s artificial intelligence chatbot Grok, with fake tokens once again emerging as part of potential phishing attacks.<br \/>\nA wallet linked to former Binance CEO Changpeng \u201cCZ\u201d Zhao received 90 million fake Grok (GROK) tokens on April 21, according to blockchain security firm PeckShield.<br \/>\nThe tokens are \u201clikely a scam,\u201d since the \u201cdeployer distributed it to multiple addresses via multisend,\u201d PeckShield said.<br \/>\nSource: PeckShieldAlertThe X platform\u2019s Grok AI chatbot has no official cryptocurrency and no plans to launch one in the future.<br \/>\nRelated: Bitcoin up 33% since 2024 halving as institutions disrupt cycle<br \/>\nFake tokens related to the Grok token first emerged in 2023 when a scammer deployed an ERC-20 Grok token on Ethereum, which led to an over 90% drop after the deployer sold 0.5% of the total supply, according to blockchain data visualization platform, Bubblemaps.<br \/>\nFake GROK ERFC-20 token crash, 2023. Source: Bubblemaps\u00a0Scammers often capitalize on the credibility of social media platforms, large brands, or celebrities like Elon Musk to cultivate a sense of trust with victims.<br \/>\nMeta was the most mimicked brand in phishing reports filed throughout 2024, according to a report by email security provider Mailsuite.<br \/>\nUS brands are often impersonated by scammers. Source: MailsuiteCoinbase was the most impersonated brand by scammers in the crypto industry, but Meta was targeted by over 25 times as many scammers as the cryptocurrency exchange.<br \/>\nRelated: Bitcoin rally above $100K may follow US Treasury buybacks \u2014 Arthur Hayes<br \/>\nElon Musk-related scams and fake coins see a resurgence<br \/>\nElon Musk-related scams and fake tokens are seeing a resurgence as scammers continue vying for investors\u2019 crypto holdings.<br \/>\nA fake announcement claiming to be an official \u201cAI Elon Musk stream\u201d giving away $20,000 worth of cryptocurrency was flagged on April 14 by crypto recovery and security advocate, Denis Thomas.<br \/>\nSource: Denis Thomas\u00a0Multiple other Elon Musk-related memecoins were launched on the BNB Smart Chain in recent weeks, according to a scam detector platform, Coinspeedrun.<br \/>\nSource: CoinspeedrunPhishing scams like address poisoning involve tricking victims into sending assets to fraudulent wallet addresses.<br \/>\nPhishing scams cost the crypto industry over $1 billion across 296 incidents in 2024, making them a major threat, according to blockchain security firm CertiK.<br \/>\nMagazine: Down to $200 one day, Pixels founder had $2.4M the next: Luke Barwikowski, X Hall of Flame<a href=\"https:\/\/cointelegraph.com\/news\/cz-fake-grok-coin-elon-musk-scam-tokens?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsScammers are once again capitalizing on the popularity of Elon Musk\u2019s artificial intelligence chatbot Grok, with fake tokens once again emerging as part of potential phishing attacks. A&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127620"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127620"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127620\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127620"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}