The report, published by the blockchain intelligence provider TRM Labs on Monday, detailed how fraudsters manipulated Musk's promotion of the digital currency and pocketed dogecoin worth $5 million.

During the "SNL" telecast, viewers who searched for "Elon Musk SNL" on YouTube could see livestreams that seemed to be hosted by the NBC show but were actually run by scammers, the report said.

The livestreams publicized links to unique websites that viewers could visit to receive dogecoin.

Users were asked to transfer dogecoin to a blockchain address with the assurance that they would receive double the amount they sent.

The report said that as of Sunday, the scammer addresses had received about 9.7 million dogecoin worth $5 million

Many of these videos had been taken down by Sunday, the report said

One person said in a post on the dogecoin subreddit on Saturday: "Don't fall for it like I did