Cryptocurrency scammers have made no less than $145,000 this week by selling pretend giveaways via hacked verified Twitter accounts.
Final month, we reported an rising pattern the place verified Twitter accounts are hacked to promote fake cryptocurrency giveaways. On the time, these scams pulled in an enormous $580,000 in cryptocurrency over a one-week interval.
The attackers goal verified accounts with 1000’s, if not thousands and thousands, of followers. They then tweet pretend giveaway scams from well-known individuals or firms, resembling Elon Musk, Tesla, Gemini Alternate, and extra not too long ago, Chamath Palihapitiya, and Social Capital.
When tweeting the scams, it is not uncommon to see totally different Twitter sock puppets speaking to one another as they promote one another’s tweets, as proven beneath.
Embedded within the tweets are hyperlinks to websites that redirect to websites pretending to be Medium posts that promote the giveaway and embrace additional hyperlinks to the precise giveaway web site, as proven beneath.
These websites inform guests to ship cryptocurrency to the listed tackle, and the location will ship again double the quantity you despatched.
Folks proceed to fall for these scams
Sadly, irrespective of how a lot BleepingComputer and different reporters cowl these scams, individuals proceed to fall for them.
MalwareHunterTeam, who has been monitoring these scams, has instructed BleepingComputer that the scammers proceed to hack verified Twitter accounts with no signal of letting up.
From the listing of examples MalwareHunter shared with BleepingComputer, we have now decided that the scammers have made no less than $145,000 this week alone.
These earnings embrace 1.49094148 bitcoins, with at at present’s excessive costs is the same as $70,382.16.
The Ethereum giveaway scams did properly for the scammers too, incomes them $51,758.61.
Lastly, Dogecoin, the newcomer in cryptocurrency giveaways, generated $26,004.94.
As most of the websites related to these scams change to totally different URLs and cryptocurrency addresses, the scammers probably made way more this week.
As these scams generate an unimaginable amount of cash for the menace actors, they don’t seem to be going away any time quickly.
Due to this fact, everybody wants to know that the overwhelming majority of cryptocurrency giveaways are scams.
It’s safer to deal with any cryptocurrency giveaway you see on-line as a rip-off and perceive that something you ship won’t produce something in return.