MuskPays.com has duped numerous individuals with a fraudulent crypto giveaway scheme.

The scam operates under the guise of an “Elon Musk crypto giveaway,” a common ploy where scammers promise to double or even triple the amount of cryptocurrency sent to them. In this case, the victim was lured by the promise of receiving double the Ether (ETH) they sent. Enticed by the seemingly lucrative offer, the victim transferred 1 ETH, equivalent to $3,334.45, to the receiving address 0xE41c083F60175B9Ae89d8Db99ce63B282dd75a4b. The transaction, which took place on July 24, 2024, was swiftly completed, but the promised returns never materialized.

The scam website MuskPays.com supports its fraudulent claims by featuring a YouTube channel that appears to broadcast live streams, adding a veneer of legitimacy to its deceitful operations.

Unfortunately, such scams exploit people’s trust and admiration for public figures like Elon Musk, leading them to believe in the giveaway’s authenticity.

Receiving Address: 0xE41c083F60175B9Ae89d8Db99ce63B282dd75a4b

The receiving address at the center of this scam, 0xE41c083F60175B9Ae89d8Db99ce63B282dd75a4b, reveals crucial insights into the fraudulent activity conducted through the MuskPays.com platform. This Ethereum address has been active briefly, having conducted only two transactions. The first significant transaction occurred on July 24, 2024, when 1.27 ETH, valued at $4,131.12, was transferred to this address. This transaction aligns closely with the complaint, where a victim reported sending 1 ETH worth $3,334.45 to this address on the same date.

In addition to this significant deposit, a few other smaller transactions are associated with this address. These include 0.14899331 ETH, 0.22118462 ETH, and 0.03011763 ETH, collectively amounting to a total received balance of 1.6702955515637998 ETH, equivalent to $5,433.22. Notably, the address has not sent out any Ether, indicating that the funds remain within the address, potentially awaiting further fraudulent transactions or a subsequent transfer to other wallets to obfuscate the trail.

The alignment between the complaint and the transaction details of this address is evident. The received amount closely matches the victim’s report, corroborating the claim that the funds were sent as part of the MuskPays.com scam.

MuskPays.com Domain Analysis

The domain muskpays.com is a recent addition to the digital landscape, registered on July 24, 2024. The timing of its creation coincides suspiciously with the reported scam, suggesting that the domain may have been specifically established for fraudulent purposes. Registered with NameSilo, LLC, a company known for its privacy-conscious services, the domain is set to expire on July 24, 2025. This short registration period is often a red flag, indicating potential fraudulent activity, as scammers typically do not invest in long-term domain ownership.

The domain’s registrant information is cloaked by PrivacyGuardian.org, a service that provides anonymity to domain owners. While privacy services are legitimate and widely used for protection, scammers frequently exploit them to hide their identities and avoid accountability. The listed registrant, administrative, and technical contacts all point to PrivacyGuardian.org in Phoenix, Arizona.

MuskPays.com Review

MuskPays.com advertises a “huge crypto-giveaway” purportedly endorsed by Tesla and Elon Musk. Such schemes are common tactics scammers use to exploit the trust and recognition associated with high-profile personalities and reputable companies.

The website’s layout is designed to look professional, with images of Elon Musk and Tesla vehicles, which may lend an air of legitimacy to unsuspecting visitors. The text on the homepage mentions the opportunity to share in significant amounts of various cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Tether, by participating in the giveaway. However, the promises of doubling or tripling the cryptocurrency deposited are classic signs of a scam.

The website instructs users on how to participate, requiring them to send cryptocurrency to specific wallet addresses. The process described is straightforward: send the payment, wait for confirmation, and receive the bonus. This simplicity is another hallmark of fraudulent schemes, as genuine investment opportunities typically involve more complex and transparent processes.

The participating rules and instructions sections reinforce the scam by emphasizing that users can only participate once and must ensure they do not miss any details. This urgency creates a sense of pressure, encouraging potential victims to act quickly without thoroughly investigating the offer’s legitimacy.

A notable aspect of the site is live transaction data, which displays supposedly completed transactions in real time. This feature aims to convince visitors that the giveaway is actively benefiting others, thereby increasing the credibility of the scam. However, such data is easily fabricated or manipulated to present a false image of legitimacy.

Moreover, the site’s customer support chat widget gives the impression of a responsive and trustworthy platform. However, this is merely a tactic to deceive visitors further and provide false assurances about the authenticity of the giveaway.

Additional Receiving Addresses

In addition to the receiving address 0xE41c083F60175B9Ae89d8Db99ce63B282dd75a4b used to receive Ethereum (ETH) and Tether (USDT), the website mentions 2 additional addresses:

1. Bitcoin (BTC) Address: bc1qlc9xgca2m72slghg5jf5lfp4w7zkuan2c6y6w2
2. Dogecoin (DOGE) Address: DAKKjx7ebqv8ErrSygpTsbcEfQJkfiGJWh

Receiving Address: bc1qlc9xgca2m72slghg5jf5lfp4w7zkuan2c6y6w2

The Bitcoin address bc1qlc9xgca2m72slghg5jf5lfp4w7zkuan2c6y6w2 has been identified as a key component in the MuskPays.com scam. This Bech32 (P2WPKH) address, often used for its lower transaction fees and enhanced security features, has a balance of 0.07721807 BTC, equivalent to $5,183.14 as of the latest data. The address has been involved in five transactions, receiving a total of 0.07721807 BTC and sending none, indicating that the accumulated funds remain in the wallet.

One notable transaction occurred on July 25, 2024, where 0.03597290 BTC, worth $2,414.63, was received. This significant deposit aligns with the behavior typical in fraudulent schemes, where multiple victims are lured into sending their funds to a central address. The other transactions, while smaller, contribute to the total balance and showcase the ongoing nature of the scam.

The address’s transaction history reveals various inputs and outputs, with funds being received from different sources. For example, on July 25, 2024, a transaction from bc1q-yyt0 involved 32 outputs, transferring 0.01537473 BTC, equivalent to $1,032.00. Such activity is characteristic of scam operations, which often involve numerous small transactions to obfuscate the origins and movement of funds.

Furthermore, the absence of outgoing transactions from this address indicates that the scammers are accumulating Bitcoin without disbursing any funds, reinforcing the fraudulent nature of the operation. The static nature of the balance suggests that the funds are being held, possibly awaiting further fraudulent activities or eventual transfer to another address to launder the proceeds.

Receiving Address: DAKKjx7ebqv8ErrSygpTsbcEfQJkfiGJWh

The Dogecoin address DAKKjx7ebqv8ErrSygpTsbcEfQJkfiGJWh is another critical element in MuskPays.com’s fraudulent activities. This address has been actively receiving funds, amassing a total balance of 11,078.50341071 DOGE valued at approximately $1,426.91 USD. The transaction history of this address reveals three notable incoming transactions that cumulatively build up this balance.

On July 25, 2024, the address received 9,377.10071788 DOGE, equivalent to $1,143.72 USD, marking a significant deposit. This substantial amount aligns with the pattern observed in scams where multiple victims are encouraged to send their cryptocurrency to a central address under the false promise of high returns. This initial large deposit is followed by other smaller transactions, including 778.47750524 DOGE and 922.92518759 DOGE, received on the same day, further contributing to the address’s total balance.

The transactional activity on this Dogecoin address indicates a clear accumulation of funds, with no outgoing transactions recorded. This is typical of scam addresses, where the scammers collect funds but do not send out any in return, betraying their fraudulent intent. The consistency in the deposit dates and the amounts received highlights a coordinated effort to collect as much cryptocurrency as possible from unsuspecting victims.

Given the total amount received and the absence of any outgoing transactions, it is evident that this address is being used solely to gather funds illicitly. Using a popular and widely recognized cryptocurrency like Dogecoin, combined with the association of a high-profile figure like Elon Musk, adds a veneer of credibility to the scam, making it more effective in deceiving potential victims.

The Bottom Line Regarding MuskPays.com

After a thorough analysis of MuskPays.com, it is clear that this website is a sophisticated scam designed to exploit people’s trust and admiration for high-profile figures like Elon Musk. The site’s professional design, coupled with the promise of substantial returns on cryptocurrency investments, is a classic ploy used by scammers to lure unsuspecting victims.

The receiving addresses associated with the site reveal significant amounts of Bitcoin, Ethereum, and Dogecoin being funneled into accounts with no outgoing transactions. This pattern strongly indicates fraudulent activity, as legitimate investment opportunities typically involve transparent processes and verifiable returns.

The domain analysis further supports these findings, with privacy protections and reputable hosting services being used to obscure the scammers’ identities. The transaction history of the receiving addresses shows multiple deposits, aligning with the complaints and reinforcing the evidence of a scam.

In conclusion, MuskPays.com is undoubtedly a scam. The clear pattern of deception, the accumulation of funds without disbursement, and the use of high-profile endorsements to lend false credibility all point to a fraudulent scheme designed to steal cryptocurrency from unsuspecting investors.