A purported $25 million giveaway of a token called GBTC â” letters better associated with the $13 billion Grayscale Bitcoin Trust â” is an obvious fake. A purported $25 million crypto giveaway on the social-media platform formerly known as Twitter is â” no surprise, really â” indeed too good to be true. Posts on X on Thursday and Friday lean into one of the hot stories of the moment in crypto: the Grayscale Bitcoin Trust (GBTC), which, as a result of a recent court victory, could be on its way toward being converted into a favorite traditional financial investment vehicle known as an ETF. The core message: a claim that $25 million of a new token called GBTC â” the ticker symbol associated with the real $13 billion trust â” will be distributed to folks who visit a website linked to
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