Giveaway Scams How They Work Giveaway scams are one of the oldest tricks in the crypto playbook and remain devastatingly effective. The formula is simple: a fake account impersonating a celebrity (Elon Musk, Vitalik Buterin, Michael Saylor), a crypto exchange (Coinbase, Binance), or a blockchain project announces a “limited time giveaway” — send 0.5 ETH…