⚈ The crooks are growing false pieces of meme grok by binding them falsely to Elon Musk.
⚈ The fraudsters also usurped the identity of the Tate brothers in a scam for the money dinner.
⚈ Despite the increase in fraud, some traders benefit from volatile currency.
During the first quarter (Q1) of 2025, cryptocurrency traders lost more than $ 1.7 billion in various hacks and attacks of digital assets, according to the Cryptographic Market of Q1 of Finbold, with an incalculable amount stolen by fraud and scams.
A deception which has been more and more common since the beginning of the year is the many coins by paying tribute to the model of artificial intelligence (IA) of XAI.
Although there is nothing difficult to base an altcoin on an AI platform inspired by The hitchhiking guide on the galaxy, The new association of the name with the billionaire Elon Musk gave birth to a shady marketing practice.
The Grok scam Same corner
The crooks flood the X social media platform, as well as other online spaces frequented by cryptocurrency traders, saying that the Canadian South African billionaire is himself behind the project.
Certain promotions of such have also appeared on the quote and the social network of digital popular assets Coinmarketcap, With pages for the many tokens inspired by Grok populated by comments such as “$ Grok always with Elon. Don't miss it.
However, unlike articles X, which try to convince readers without distrust to click on questionable links, it is not certain that the comments leave on platforms such as Coinmarketcap are left by crooks, or “bag holders” in the hope of pumping a piece of meme that they bought in the hope of making quick money.
Elsewhere, but not necessarily a full -fledged scam, the number of “Shitcoins” bearing the name Goer In a variant or another, it is very indicative that the teams or the individuals behind them try to make money by deceiving traders.
Tate Brothers has become the last face poorly used in a cryptographic scam
Cryptographic scams on social networks are not limited to presenting themselves wrongly as Elon Musk. In early May, a page claiming that the Tate brothers are organizing a dinner for the best holders of the Daddy Tate (Dad) medal also emerged.
The scam is inspired by the recent decision of President Donald Trump to invite the main holders of the Trump Official (Trump) – a cryptocurrency launched shortly before the inauguration – for dinner with him.
Do cryptographic fraudsters lose their technological advantage?
Interestingly, the deluge of accounts in 2025 pretending to have found Elon Musk – or other celebrities – – Advice from exclusive cryptocurrency or Airdrops seem to indicate a drop in sophistication among the crooks.
Although the generation of AI videos has become much more advanced, fraudsters abandoned their previous attempts to make false full -fledged videos in which a digital generated celebrity issues a false appeal to action.
As Finbold reported it at the time, such a type of scam was particularly common at the end of 2023, the CEO of Rippe Labs, Brad Garlinghouse, being the unmissable individual.
A light point in the grok invasion
Interestingly, despite the same coins on the recognition of the brand of unrelated works being doubtful and very practical for the crooks, the legitimate swing of cryptocurrency and day merchants are known to execute successful exchanges.
The latest example came during the night between April 30 and May 1, when a digital asset investor transformed $ 1,500 into almost $ 300,000 in just five hours using a new XAI Gork (Gork) named Amoral.
Star image via Shutterstock
