Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Ethereum Fusaka Upgrade Set To Redefine ETH Performance — Here’s What to Expect

October 7, 2025

Fasset Wins Malaysia License to Launch First Stablecoin-Based Islamic Digital Bank

October 7, 2025

After $79B in Bitcoin, Saylor Says it’s Time to Pause — For Now

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

CZ receives fake ‘Grok’ coins amid new wave of Elon Musk scam tokens

April 21, 2025Updated:April 21, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CZ receives fake ‘Grok’ coins amid new wave of Elon Musk scam tokens
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Scammers are as soon as once more capitalizing on the recognition of Elon Musk’s synthetic intelligence chatbot Grok, with pretend tokens as soon as once more rising as a part of potential phishing assaults.

A pockets linked to former Binance CEO Changpeng “CZ” Zhao obtained 90 million pretend Grok (GROK) tokens on April 21, in response to blockchain safety agency PeckShield.

The tokens are “doubtless a rip-off,” for the reason that “deployer distributed it to a number of addresses through multisend,” PeckShield mentioned.

CZ receives fake ‘Grok’ coins amid new wave of Elon Musk scam tokens
Supply: PeckShieldAlert

The X platform’s Grok AI chatbot has no official cryptocurrency and no plans to launch one sooner or later.

Associated: Bitcoin up 33% since 2024 halving as establishments disrupt cycle

Faux tokens associated 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 bought 0.5% of the whole provide, in response to blockchain information visualization platform, Bubblemaps.

Faux GROK ERFC-20 token crash, 2023. Supply: Bubblemaps 

Scammers usually capitalize on the credibility of social media platforms, massive manufacturers, or celebrities like Elon Musk to domesticate a way of belief with victims.

Meta was essentially the most mimicked model in phishing reviews filed all through 2024, in response to a report by e mail safety supplier Mailsuite.

US manufacturers are sometimes impersonated by scammers. Supply: Mailsuite

Coinbase was essentially the most impersonated model by scammers within the crypto business, however Meta was focused by over 25 occasions as many scammers because the cryptocurrency trade.

Associated: Bitcoin rally above $100K might comply with US Treasury buybacks — Arthur Hayes

Elon Musk-related scams and faux cash see a resurgence

Elon Musk-related scams and faux tokens are seeing a resurgence as scammers proceed vying for traders’ crypto holdings.

A pretend announcement claiming to be an official “AI Elon Musk stream” gifting away $20,000 price of cryptocurrency was flagged on April 14 by crypto restoration and safety advocate, Denis Thomas.

Supply: Denis Thomas 

A number of different Elon Musk-related memecoins have been launched on the BNB Sensible Chain in latest weeks, in response to a rip-off detector platform, Coinspeedrun.

Supply: Coinspeedrun

Phishing scams like handle poisoning contain tricking victims into sending property to fraudulent pockets addresses.

Phishing scams value the crypto business over $1 billion throughout 296 incidents in 2024, making them a serious menace, in response to blockchain safety agency CertiK.

Journal: Right down to $200 in the future, Pixels founder had $2.4M the subsequent: Luke Barwikowski, X Corridor of Flame