The Instagram handle @elonmusk, previously associated with Elon Musk, is being auctioned in the Telegram Tekk username trading group, with bids reaching $6,000. The account, which has undergone eight name changes, currently displays the name Tekk. Security experts caution that the new owner might exploit the account's notoriety to promote fraudulent meme coins or phishing schemes, urging users to remain vigilant against potential scams.