The veteran investor Ross Gerber revealed on Sunday that his X account was hacked by “sophisticated” cryptocurrency scammers to promote a currency linked to the auto giant Tesla.
What happened : Gerber, PDG de Gerber Kawasaki Wealth and Investment Managementthanked the X team, especially the CEO Linda Yaccarinofor quick resolution. Gerber told Benzinga via email that it took 30 minutes to recover the account.
“As it was a Tesla scam crypto currency, I was specifically the target of this attack,” Gerber revealed. He clarified that he does not promote any cryptocurrency other than Bitcoin to his clients.
Gerber, a prominent investor in the Elon Musk-led giant, has significantly reduced his fund’s stake in the company since November, and set a six-month ultimatum for Tesla to improve its performance before potentially pulling out of the company. the company.
“It is possible that this was a set-up from inside X; I’m not sure they’re looking to find out more,” Gerber said, expressing doubts about the giant social network, which is also run by Musk.
X did not immediately respond to Benzinga’s request for comment.
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-Why it matters : Gerber’s hacking incident comes a month after he warned of the possibility.
In December, Gerber warned investors about the potential for fraud in the crypto market, particularly with currencies other than Bitcoin (CRYPTO:BTC). He noted that appointing pro-cryptocurrency people to the Donald Trump administration would not necessarily protect retail investors from scams.
The Gerber incident follows a recent incident in which Ivanka Trump publicly rejected a fake cryptocurrency that was being promoted under his name.
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Disclaimer : Some of this content was produced with the assistance of Benzinga Neuro and was reviewed and published by Benzinga editors.
