‘SpireBit drew victims into its ruse by using ads on social media promising lucrative investment returns. SpireBit took out ads on Facebook and Instagram that falsely portrayed Elon Musk as endorsing the company through a Russian voice-over.’
How in the world did the victims think this was legit… when it used Elon Musk speaking RUSSIAN ?
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tldr; Aleksey Madan, a victim of a crypto scam known as ‘pig butchering,’ received a $140,000 refund from Massachusetts officials after losing the amount to SpireBit, a fraudulent crypto company. The Massachusetts Attorney General’s Office seized assets from SpireBit, which targeted Russian-speaking seniors with fake investment schemes. The scam used social media ads falsely endorsed by Elon Musk. Authorities froze SpireBit’s assets on Binance, recovering $269,000, which is being distributed to victims.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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They are using Facebook ads that Elon Musk as endorsing the company through a Russian voice-over.
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‘SpireBit drew victims into its ruse by using ads on social media promising lucrative investment returns. SpireBit took out ads on Facebook and Instagram that falsely portrayed Elon Musk as endorsing the company through a Russian voice-over.’
How in the world did the victims think this was legit… when it used Elon Musk speaking RUSSIAN ?
tldr; Aleksey Madan, a victim of a crypto scam known as ‘pig butchering,’ received a $140,000 refund from Massachusetts officials after losing the amount to SpireBit, a fraudulent crypto company. The Massachusetts Attorney General’s Office seized assets from SpireBit, which targeted Russian-speaking seniors with fake investment schemes. The scam used social media ads falsely endorsed by Elon Musk. Authorities froze SpireBit’s assets on Binance, recovering $269,000, which is being distributed to victims.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
They are using Facebook ads that Elon Musk as endorsing the company through a Russian voice-over.
I have no words. Have good day
Finally some positive news