Cryptocurrency scammers have made a minimum of $145,000 this week by selling pretend giveaways by way of hacked verified Twitter accounts.
Final month, we reported an growing development 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 tens of millions, of followers. They then tweet pretend giveaway scams from well-known folks or corporations, reminiscent of Elon Musk, Tesla, Gemini Trade, and extra lately, Chamath Palihapitiya, and Social Capital.
When tweeting the scams, it is not uncommon to see completely different Twitter sock puppets speaking to one another as they promote one another’s tweets, as proven under.
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 website, as proven under.
These websites inform guests to ship cryptocurrency to the listed handle, and the positioning will ship again double the quantity you despatched.
Individuals proceed to fall for these scams
Sadly, irrespective 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 listing of examples MalwareHunter shared with BleepingComputer, we have now decided that the scammers have made a minimum of $145,000 this week alone.
These earnings embrace 1.49094148 bitcoins, with at right this moment’s excessive costs is the same as $70,382.16.
The Ethereum giveaway scams did effectively for the scammers too, incomes them $51,758.61.
Lastly, Dogecoin, the newcomer in cryptocurrency giveaways, generated $26,004.94.
As lots of the websites related to these scams swap to completely different URLs and cryptocurrency addresses, the scammers seemingly made rather more this week.
As these scams generate an unimaginable amount of cash for the risk actors, they don’t seem to be 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.