The social community is commonly used to advertise cryptocurrency scams involving Elon Musk and again in 2018, scammers introduced in $180,000 utilizing the identical ways had been seeing now.
Safety researcher MalwareHunterTeam not too long ago noticed an uptick in verified Twitter accounts being hacked with a purpose to promote the newest faux Elon Musk-themed cyptocurrency rip-off. All of those hacked accounts will then reply to tweets selling the rip-off to assist make it extra well-liked on-line.
Moreover, the tweets include hyperlinks that redirect to an article on Medium selling the faux cryptocurrency giveaway. This text incorporates directions on ship Elon Musk bitcoin with the promise that he’ll then ship twice the quantity again to every consumer.
Focusing on dormant accounts
In keeping with MalwareHunterTeam who spoke with BleepingComputer, many of the accounts which have been hacked for this newest rip-off have been dormant for a while now.
Nonetheless, these accounts are thought of credible by customers on account of the truth that they’ve been verified and there’s a blue check mark subsequent to every consumer’s identify. Again in July, the social community disabled the power to confirm an account following a earlier cryptocurrency rip-off which noticed Twitter hacked as effectively. Because of this, verified Twitter accounts have been in excessive demand amongst cybercriminals.
Based mostly on the cryptocurrency addresses collected from touchdown pages used on this newest marketing campaign, the scammers behind it have already earned $587,000 in bitcoin.
Sending bitcoin and different cryptocurrencies to random individuals on-line is all the time a foul concept, particularly once they say they are going to pay you again double your preliminary funding. This possible will not be the final cryptocurrency rip-off on Twitter however hopefully extra customers are waking as much as the ways utilized by scammers on the social community.