Monday January 21, 2019
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Scammers Use Name of Elon Musk to Fleece Twitter Users

A Twitter spokesperson told the BBC it "doesn't comment on individual accounts for privacy and security reasons"

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Musk may buy GM plant to boost Tesla production. (VOA)

Scammers have again abused Tesla CEO Elon Musk popularity to fleece Twitter users after hacking several popular accounts.

British fashion retailer Matalan, film distributor Pathe UK and US publisher Pantheon Books were among those whose accounts were taken over by scam artists, the BBC reported on Monday.

The hackers used Elon Musk name and likeness to ask for Bitcoin – a cryptocurrency – by promoting an ad on Twitter.

The tweet asked users to give away a small amount of Bitcoin to supposedly receive more.

Several other verified accounts (the ones with the blue tick), which were also hacked, appear in the tweet’s comments to claim that they have received Bitcoin from Elon Musk.

To make the accounts appear legitimate, the scammers used accounts with Twitter’s own verification mark.

Clicking on any of the links in the scam guides users to a page where they are urged to send anywhere from 0.1-one Bitcoin to the scammers — with the promise that they would receive one-10 Bitcoin as a reward, the report said.

Elon Musk, tesla
Tesla CEO, Elon Musk. (Wikimedia Commons)

But the victims do not receive any Bitcoin after sending money to the scammers.

The scam is made to seem more trustworthy as various other compromised accounts reply to the tweet claiming that it works.

The tweets have since been deleted with many accounts recovered, though some were left blank while waiting for their owners to re-enter their name and profile picture, the report said.

A Twitter spokesperson told the BBC it “doesn’t comment on individual accounts for privacy and security reasons”.

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An early form of the scam appeared in March. Again, in August, one impersonator broke into Musk’s official account with a fake lookalike verified account, promising his followers free Bitcoin and ethereum cryptocurrencies.

In fact, the scam became so frequent on the social network that the Tesla chief was briefly blocked from his own Twitter account after he parodied the scam by sending last month a tweet asking: “Wanna buy some Bitcoin?”, the BBC report said. (IANS)

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Elon Musk’s Boring Company Lays off its Workers

Musk-led private spaceflight company SpaceX also announced that it would lay off 10 per cent of its workforce to fund other projects

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Musk quotes $1 bn to build tunnel under Australian mountain range. IANS

Billionaire Elon Musk’s infrastructure and tunnel construction firm Boring Company has laid off five employees, barely a month after it unveiled its first tunnel in the US.

According to the Recode, on Friday, the company terminated five employees, at least some of whom helped construct that first underground passageway.

The spokesman said that the employees were fired for performance reasons as part of regular performance reviews, the report added.

“The Boring Company is hiring for over a dozen roles, pursuing a number of projects across the country, and planning to grow significantly in 2019,” he was quoted as saying in the report.

Musk had unveiled the prototype tunnel for his envisioned zero-emission, high-speed transit system — including a surface-to-tunnel car elevator and a Tesla modified — to run along the tunnel track, outside SpaceX’s California headquarters in mid-December 2018, according to the Fast Company.

In Chicago, the company was reportedly slated to build a “Loop” which they described on their website as: “Loop is a high-speed underground public transportation system in which passengers are transported on autonomous electric skates travelling at 125-150 miles per hour.”

In order to implement this system, the company will have to dig the tunnels and deploy the infrastructure to move the “autonomous electric skates” inside the tunnels.

“Electric skates will carry between 8 and 16 passengers, or a single passenger vehicle,” according to the Electrek.

Electric car making firm Tesla, also founded by Musk, announced last Friday it was laying off seven per cent of its full-time staffers in an attempt to reduce costs and increase profits.

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All employees at the company were informed about the development in an email.

Musk-led private spaceflight company SpaceX also announced that it would lay off 10 per cent of its workforce to fund other projects.

SpaceX, which has a contract with NASA to deliver cargo to the International Space Station (ISS), is now planning to start flying astronauts to the ISS for NASA later this year. (IANS)