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What is EBT- The new Blockchain Currency | Elon Buys Twitter Currency Scam Explained

Twitter has accepted Elon Musk's offer to buy the firm for $44 billion, according to a press release issued today by the company. Musk paid $54.20 per share for the company, which was the same price he offered on April 14th.

Elon Musk EBT Elon Buys Twitter Crypto Coin

It's unclear how Musk will affect Twitter or where he'll begin making changes. He surveyed Twitter users on the establishment of a "edit" button, which Twitter was already working on, when he initially revealed his 9.2 percent ownership in the company. Later, he proposed removing Twitter Blue's advertisements, cutting the subscription price, and adding Dogecoin as a payment option.

Ever since this news is out, the whole tech world is flooded with various news and citations amongst all this chaos, there is a news of new Blockchain currency named EBT or Elon (Musk) Buys Twitter.

Also Read: Key points to consider before investing in Cryptocurrency

Crypto fraud news: Elon Musk Buys Twitter (EBT)

What is EBT, and how does it work?

EBT appears to be a pump-and-dump scam currency with an insecure website that claims to be a "eternal pump" coin. On the website, the so-called team behind EBT has Elon Musk's visage as their profile picture.

EBT will "provide meme producers a chance to earn and let them to acquire a defined revenue on for their work," according to its website. ELONBUYSTWITTER would assist such ambitious meme creators in showcasing their talent to the globe while also providing financial rewards." the website claims

Also Read: Top 5 Buy And Hold Cryptocurrencies To Own For Life

According to CoinMarketCap, the EBT token price at 12 a.m. on April 25th was $0.00000003589. It experienced a tremendous increase of over 6000 percent, reaching roughly $0.000001527 at the time of publication of this article.


Crypto investors should be aware of scam coins, according to experts, and should never stake their money on anything about which no legitimate information is publicly available.

Also Read: What is Bitcoin Blackmail and How to Protect Yourself

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