Skip to content

Beware: Scammers use Musk’s internet service Starlink to defraud Iranians in Bitcoin

Scammers using Elon Musk's internet service Starlink defrauding Iranians in Bitcoin

Fraudsters are allegedly using the Elon Musk satellite internet service Starlink to cash on unsuspecting Iranians through a Bitcoin scam. 

The scam was highlighted by Reddit and Twitter users, who pointed out the website “StarlinkIran.com” was essentially a scam due to apparent flaws and red flags. 

The most outstanding red flag is that Iran does not have any relationship with Starlink, and there are no existing orders yet. 

According to the website, Iranians who are open to their services would part with a hardware fee of $249 and a monthly charge of $49, all payable through Bitcoin. The website indicates that the payment is confidential due to the choice of Bitcoin. 

https://twitter.com/imamadjavad/status/1411573491116265473

However, according to the Starlink original pricing, the satellite internet kit goes for $499 while the monthly service cost is $99. 

Social media presence

Furthermore, the company behind StarlinkIran.com has social media presence with a considerable following. However, the engagement rate remains low and does not match the following. Notably, some users have complained that the service is a scam. 

The fraudsters are seemingly taking advantage of the current Iran internet issues, and Bitcoin appears to be the payment method of choice due to the anonymity nature of the cryptocurrency. 

The Starlink internet service promises high speed and stable connection, a luxury most regions in the world lack. The service is yet to expand globally, but Starlink is currently receiving orders. 

[coinbase]

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.