FACT CHECK: Did Elon Musk Announce A New Crypto Project Via A Post And A Billboard?

Christine Sellers | Fact Check Reporter

Images shared on Threads claim Tesla CEO and owner of X, Elon Musk, announced a new crypto project via a post shared on the platform and a billboard.

 

Post by @louayxdxd
View on Threads

 

Verdict: False

Check Your Fact conducted an advanced search of Musk’s verified X account and did not find any results for the purported post. There is no other evidence to support the claim.

Fact Check:

Musk made an appearance at the 2024 Republican nominee and former President Donald Trump’s campaign rally in Butler, Pennsylvania on Oct. 5, according to Fox News. During the rally, Musk urged attendees to “vote, vote, vote,” calling the November 5 presidential election “the most important election of our lifetime,” the outlet reported.

The Threads images claim Musk announced a new crypto project via a post shared on X and a billboard.

The first image shows the purported X post projected onto a billboard. The post, which appears to have been shared to Musk’s verified account, @elonmusk, reads, “Go to my crypto project SWEXES.com [and] Enter my promo [code] 31muskxx,” followed by “Take 0.31 BTC.” The second image appears to show a crypto transfer.

“I saw this billboard on the street today, thanks Elon Musk,” the post’s caption reads.

The claim is false. Check Your Fact conducted an advanced search of Musk’s verified X account and did not find any results for the purported post. Likewise, a keyword search using the text of the purported post led us to the site “Malware Tips,” which indicates SWEXES.com “is a fraudulent cryptocurrency trading platform being promoted through an elaborate scam on social media platforms.”

“Using deepfake videos of celebrities like Cristiano Ronaldo and Elon Musk, scammers trick fans into depositing Bitcoin on the fake site by promising free crypto giveaways activated by special promo codes,” the site reads. (RELATED: Did Elon Musk Pull A $1 Billion Show From CBS Following Vice Presidential Debate?)

In addition, Check Your Fact found no credible news reports to support the claim made via the Threads post. Actually, the opposite is true. On Oct. 4, Lead Stories debunked the claim. The outlet also indicated that SWEXES.com, the website referenced in the purported X post from Musk, is fraudulent.

Check Your Fact has contacted Musk for comment.

Christine Sellers

Fact Check Reporter

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