Ross Gerber Says X Account Hacked To Promote Tesla Scam Coin: Renowned Investor Says, 'Possible It Was An Inside Job'

Benzinga01-27

Veteran investor Ross Gerber revealed on Sunday that his X account was hacked by “sophisticated” cryptocurrency scammers to promote a coin linked to automotive giant Tesla. What Happened: Gerber, CEO ...

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Gerber told Benzinga by mail that the account recovery took 30 minutes.\n“Considering it was a Tesla crypto scam coin, I was specifically targeted in this attack,” Gerber disclosed. He clarified that he doesn’t promote cryptocurrencies other than Bitcoin to his clients.\n\nMy account was hacked yesterday by very sophisticated crypto scammers.  Sorry for any confusion caused by this hack. Twitter/X responded rapidly and was very helpful. Special thanks to @lindayaX for being the best.— Ross Gerber (@GerberKawasaki) January 26, 2025\n\nGerber, an early 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 exiting the stock entirely.\n“It's possible it was an inside job at X; not sure if they’re investigating it,” Gerber said, voicing doubts about the social media behemoth, which is also controlled by Musk.\nX didn’t immediately return Benzinga’s request for comment.\nSee Also: Elon Musk’s DOGE Department Reportedly Eyes Blockchain To Slash Federal Spending—Justin Sun Says Tron A Good Option\nWhy It Matters: Gerber’s hacking incident comes a month after a warning by himself on such possibilities.\nGerber alarmed investors about the potential for fraud in the crypto market in December, especially with coins other than Bitcoin BTC/USD. He noted that the appointment of crypto-friendly individuals in the Donald Trump administration wouldn’t necessarily protect retail investors from scams.\nGerber’s incident follows a recent case where Ivanka Trump publicly rejected a fake cryptocurrency being promoted under her name. \nRead Next: \n\nTrump’s World Liberty Financial Crypto Venture Amasses Over $388 Million in Digital Assets\n\nDisclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors. $BTCBitcoin$100529.04-2.01%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. 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