As if Bitcoin doesn't have a bad enough reputation, it is now being associated with one of the largest social media scams in history. To be more specific, a crime ring had hacked large Twitter influencers and mislead their followers into fake giveaways or investments. While Twitter accounts were the ones used in this Devilish scheme, The weakness actually came from Google's G Suite API. The details of how exactly this exploit worked have not been made public, but the target were large businesses and celebrities. To make things even worse, users hijacked verified Twitter users and rebranded the accounts to spoof Elon Musk's account. Using his face and a trustworthy blue checkmark, users were encouraged to use their Bitcoins or credit cards to buy into high yield investments. Possibly millions of dollars were scammed before Twitter could react. Since Elon Musk wants to mitigate bad publicity in his name, he is currently working on an anti-fraud software program with top cryptocurrency experts. If Elon Musk is spending money on it, you know that it is a serious problem. A script was supposedly created by the Dogecoin creator, Jackson Palmer, and was set to be automatically scheduled in any remote server. Users still wait for Twitter to automate the issue of removing spammers from the platform. Of course, it was not the first time that Elon Musk had encountered cryptocurrency scammers. Last year, he also encountered a wave of imposters trying to promote their Ethereum products. Charlie Lee is also a common target for impersonations. As he is the founder of Litecoin, many fake giveaways have been posted in his name or his organization's name. Other technologies and financial products are targeted on a regular basis. Jack Dorsey, the current CEO of Twitter, had mentioned blockchain technology as a means to unmask illegitimate user on the platform. Having said that, it still hasn't had much of an impact on the cryptocurrency market. The likes of Bitcoin, Dogecoin and others continue to have a steady decline for the upcoming holiday season. The start of 2019 may be a turning point for the current depression.