In October 2022 Elon Musk of Tesla and SpaceX officially acquired Twitter and he later renamed it to X. Many people experiencing these ads are critical of Musk’s decision to layoff much of X’s staff, believing that it led to lower moderation levels and an increase in scammers. However, these cryptocurrency scams predate Musk’s acquisition of the site and they are known to exist on other social media platforms. Bell Media, which owns CTV, said in a statement that they are aware of the problem. “We are aware of the ongoing issue of fake advertisements targeting Mary Berg. Bell Media actively reports the fraudulent content to ensure swift removal. We encourage social media users to remain vigilant against these deceptive ads and report suspicious content to the platform they’re using,” said a Bell Media spokesperson in an email to National Post.