Cryptocurrency scammers have made at the very least $145,000 this week by selling pretend giveaways by hacked verified Twitter accounts.
Final month, we reported an growing pattern the place verified Twitter accounts are hacked to promote fake cryptocurrency giveaways. On the time, these scams pulled in a large $580,000 in cryptocurrency over a one-week interval.
The attackers goal verified accounts with 1000’s, if not tens of millions, of followers. They then tweet pretend giveaway scams from well-known folks or corporations, resembling Elon Musk, Tesla, Gemini Trade, and extra lately, Chamath Palihapitiya, and Social Capital.
When tweeting the scams, it’s common 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 embody additional hyperlinks to the precise giveaway web site, as proven beneath.
These websites inform guests to ship cryptocurrency to the listed handle, and the location will ship again double the quantity you despatched.
Folks proceed to fall for these scams
Sadly, regardless of how a lot BleepingComputer and different reporters cowl these scams, folks 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 record of examples MalwareHunter shared with BleepingComputer, we have now decided that the scammers have made at the very least $145,000 this week alone.
These earnings embody 1.49094148 bitcoins, with at right now’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 possible made way more this week.
As these scams generate an unbelievable amount of cash for the menace actors, they aren’t going away any time quickly.
Subsequently, everybody wants to grasp 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.