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Author: Admin | 2025-04-28
On the giveaway, emphasizing users must send crypto deposits to participate and urging quick action before the opportunity expires.Step 3: Instructing Users to Transfer FundsThe scam sites provide cryptocurrency wallet addresses supposedly tied to the giveaway pool while giving transfer instructions.For example: “To activate your reward, send 0.5 ETH to the address below and receive 1 ETH credited to your wallet address.” Unique addresses are shown for sending/receiving Bitcoin, Ethereum, Dogecoin, etc.Countdown timers create false urgency to send funds before thinking the process through. In reality, these are scammer-controlled addresses.Step 4: Victims Transfer Crypto to AddressesVictims follow the directives, sending funds from their wallets or exchanges to the listed scam wallet addresses. The deposits can range from a few hundred dollars worth of crypto up into the thousands.The scam site provides confirmations showing the victims’ transfer is “Pending…” to reassure them the process is working.Step 5: Fake Completed TransactionsShortly after sending funds, the scam website populates with a fake transaction log showing the users’ deposit as well as a completed return payment of double their transfer amount.For example, if they sent 0.5 ETH, it will show they received 1 ETH back already. This makes victims think the bonus funds are on the way.In reality, the return payment is completely fabricated. The scammers have no intention of sending any crypto back. But this trick prevents withdrawals.Step 6: Shutting Down Scam SitesWith sizeable pools of victims’ funds secured in their wallets, the scammers ultimately disable the website and disappear.Attempts to return to the site are met with domain expiration notices or “Page not found” messages. By this point, the scammers have already cashed out the accumulated crypto deposits.The entire process exploits trust in SpaceX and a lack of crypto transaction familiarity. But being informed on their deceptive tactics is key to recognizing and avoiding these scams.SpaceX Does Not Hold Crypto GiveawaysIt’s crucial for cryptocurrency users to understand that SpaceX as a company has never conducted any Bitcoin, Ethereum or other crypto giveaways tied to company events or milestones. Nor are they likely to in the foreseeable future.Any promotions you encounter on social media, YouTube, or other websites advertising SpaceX cryptocurrency giveaways are fake and unaffiliated with the real company.SpaceX does not provide wallet addresses for collecting crypto deposits in exchange for bonus giveaway funds. There are also no “double your Bitcoin” style promotions authorized on SpaceX’s behalf.The scammers running these fraudulent schemes operate without any involvement or consent from SpaceX itself. They are simply impersonating the SpaceX brand to deceitfully collect cryptocurrency deposits.You should assume any online crypto giveaway or trading promotion leveraging the SpaceX name is an attempted scam. Genuine company-backed giveaways will only ever be announced officially through SpaceX’s website
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