A school teacher loses over Rs1.9 million in a fake ‘Elon Musk' Bitcoin scam

In a surprising incident, a British schoolteacher was duped out of more than Rs1.9 million in a bitcoin scam by using Tesla CEO Elon Musk's name.

According to the info, Julie Bushnell fell victim to a Bitcoin scam, which cost her over Rs1.9 million that she had set aside for a new home.

Julie Bushnell said that she saw a post on a bogus BBC website claiming that Musk would refund twice the value of each Bitcoin deposit. The fake website ran a story with the headline, "Tesla buys $1.5 billion in bitcoin, plans to give away $750 million."

According to a BBC article, the fraudsters created a website that looked similar to the BBC News website in order to bring credibility to the fake news story.

The schoolteacher said that she paid £9,000 after reading the news on a website that looked similar to the BBC, and when the money did not arrive, she discovered she had been duped.

“It has had a huge impact on me, and I wish I could go back in time and not make those couple of clicks,” she said. She accused the scammers of robbing her of her "dignity, self-respect, self-worth, and courage," and said that she now wants to raise consciousness about such scams.

The fake website was already up and running, and attempts were being made to shut it down.

Mr. Musk has often mentioned Dogecoin in recent months but has rarely mentioned Bitcoin. A day earlier, Tesla CEO Elon Musk announced that the electric vehicle maker would cancel Bitcoin transactions, causing the digital currency to fall.

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