What is Tesla Coin?
Tesla coin is a fake cryptocurrency scam from various scam websites across FaceBook, Twitter and Google. They use advertising on social media to show pictures of Elon Musk and pretend that Tesla have released a new cryptocurrency, just because Elon Musk is connected with Bitcoin in the news. The scammers are trying to use this association to pretend that Tesla have released a coin and that it will be a good investment. The truth is that Tesla own a great deal of Bitcoin and so releasing their own cryptocurrency would be a disaster.
Tesla Coin does not exist!
Should I Invest in Tesla Coin?
You cannot invest invest in Tesla Coin because it does not exist. If you deposit your money into one of the offshore scammers sites, you will never see it again! All of the pages in league with these fake news scam campaigns are a fraud.
All of their images and ads are a lie:
As you can see they have missed the C in Miracle
Is Tesla Coin Connected to Tesla Automobiles or Elon Musk
No the Tesla Coin scam is perpetrated by someone called COONV.XYZ which is obviously a throwaway domain registered in an obscure country or registrar and is hidden by masking proxy services such as cloudflare to make finding the real owners as difficult as possible. This is so that they can defraud people and escape without detection. That way they can just set-up a new scam and carry on defrauding people online.
How do I Buy Tesla Coin?
You cannot buy Tesla Coin, it does not exist. It is a scam designed to associate your trust in recognised products with a fake news campaign and make you part with your money before you realise it is a scam.
Is Tesla Coin Worth Anything?
No it does not exist. Just because you pay for something does not mean it has value. If you have parted with money on a Tesla Coin site you need to contact your bank immediately and get them to perform a Charge Back on the transaction so that your money is returned. Your bank can do this and you will just need to keep pressuring them. You do nto need an external service or agency to do this, your bank are the only people that can recover the money.
What is the Connection Between Elon Musk and Tesla Coin?
There is no connection whatsoever unless you count stealing the name as a connection, but since Tesla Coin does not exist it is not really a connection. Elon Musk has invested in Bitcoin but is not planning to create a separate currency as it would devalue the Bitcoin through the assumption that he is moving out and that would hurt Tesla.
Why do Facebook Advertise Fake Coins?
Facebook seem to have become the easiest advertising platform for scammers to use as they do not seem to monitor their ads at all. The scammers are by far the biggest investors in Facebook ads and the site has become a liability for young users and people suffering from financial difficulty. Our advice is not to use Facebook until they clean up their advertising standards.
What can I do to Keep Safe From Facebook Ads?
Do not use the Facebook site until they have sorted this out. The ads of these scams are everywhere on FaceBook making it one of the most dangerous sites to browse on all of the web. Until FaceBook have sorted out the Ads scammers, you are far better off not doing any social media, and if you do, be sure to warn all of your friends and family about these ads and report them to Facebook using the 'report this ad' links on FaceBook.
Here is an example of their scam sites:
Tesla Ad Campaigns do not miss the first letter of their advert when going to print...
Where Are These Fake Coin Companies Based?
In all honesty we do not know where all of them are based. Many of these companies have operations in the UK. They have UK call centres and operate using what are ostensibly London phone numbers, but as to where they really call from, we do not know. VoIP has made tracing phone calls extremely difficult for civilians and police alike and the real location of anything is uncertain when it comes to information and data.
Many of the details of the webhosting appear to be traceable back to countries in Central Europe but just as many call centres seem to have connections to the UK. The actual scam is really an affiliate based system now that stems across the planet. The various boiler rooms themselves are often run in separate countries from where the money actually goes, and so the whole thing has become an untraceable spiders web. Even if you could track down individuals, who would you charge with what? Everyone just claims they didn't realise what the rest were up to when questioned.
How Are The Website Allowed?
Well who can take them down? The internet is not compatible with national law and trying to police something so unfathomable is impossible. This is why some believe the internet to be a sign that there is a single global government. The internet could say anything they wanted and persuade the newsrooms to back it up, as searching on Google is what all journalists do anyway. The websites are hidden behind Cloudflare or some other proxy service that masks their IP address and hosting provider. Their technical and administrative details are hidden by registrar proxy services. The whole internet has been made illusive in the last ten years and criminals are loving it.
How Can We Find The Instigators?
The best way to start is with the affiliates. If you look into the sites that promote these ridiculous scams, they all operate the same template, mostly because they are all run by the same companies. If you search Tesla Coin you will see so many sites saying Is Tesla Coin A Scam? or Is Tesla Coin A Good Investment even though they obviously must know it does not exist. These are the affiliates and they are the ones taking money through affiliate networks from the scammers. If the police sign up as affiliates and go through the affiliate networks then they can catch the scammers, assuming that they have jurisdiction over the affiliate network and whatever country the scammers turn out to be in. Sounds like a job for the FBI if they are interested.
Why Don't Tesla Make An Announcement?
This is a good question. One tweet from Elon Musk regarding Quantum AI, Tesla Coin and Bitcoin Code could smash this scammer industry into pieces and yet we never see one. He must get thousands of tweet replies to his account that his team manage, but they are probably one in a thousand of all the tweets he gets. A tweet from any of the Branson / Bezos / Gates / Musk crew would likely put an end to things but in the meantime, we all just need to remain as vigilant as we can and keep spreading the word.
Would Tesla Ever Release Their Own Crypto?
Maybe, but it is very unlikely. There will not be many cryptocurrencies remaining when one is adopted by the BIS Central Bank. There will likely just be the global crypto and a few may remain as investment, but probably not. As soon as the US or the EU adopt a crypto, whether it will be the same currency or not (it will be behind the scenes anyway) all of the other cryptos will suddenly die. The energy required to run all of these currencies will soon be rationed more fiercely and the impetus to run the servers will dissolve away. The best thing to do with crypto right now is sell it.
What If I Invested In Tesla Coin Already?
Well what did you receive? Do you have a cryptowallet with Tesla Coin in it? How did you purchase the coins, was it with other cryptos or did you use a bank card or transfer? If you used traditional money to buy the coins then contact your bank and tell them that you have been defrauded and provide them with as much information as you can. Demand a chargeback on your card or bank transfer immediately. There will be various hoops to jump through but keep making a fuss and they should agree to reverse the transaction.
Whatever you have received from this scam will not be transferable funds and so is worthless. Whatever software or tokens they send we would love to hear about so that we can update our warnings to people.
VERDICT: TESLA COIN IS A SCAM !!
Do not send any money to anyone offering to sell you Tesla coins. The same goes for Tesla stock unless you are sure that you are dealing with a real stockbroker in your own territory.