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CZ receives fake ‘Grok’ coins amid new wave of Elon Musk scam tokens

cryptoweekly by cryptoweekly
April 21, 2025
in bitcoin, News
0

Changpeng Zhao’s address received 90 million fake Grok tokens as Elon Musk-impersonating scams and phishing attacks see a resurgence.

Scammers are once again capitalizing on the popularity of Elon Musk’s artificial intelligence chatbot Grok, with fake tokens again emerging as part of potential phishing attacks.

A wallet linked to former Binance CEO Changpeng “CZ” Zhao received 90 million fake Grok (GROK) tokens on April 21, according to blockchain security firm PeckShield.

The tokens are “likely a scam,” since the “deployer distributed it to multiple addresses via multisend,” PeckShield said.

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  • A16z Crypto leads $15M Poseidon raise to decentralize AI training data
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  • Citadel warns SEC: Tokenization must deliver real innovation, not regulatory loopholes
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  • What does the US GENIUS Act mean for stablecoins?
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