Home Ethereum Twitter scammers earned over $145k this week in Bitcoin, Ethereum, Doge

Twitter scammers earned over $145k this week in Bitcoin, Ethereum, Doge

4 min read

Elon Musk

Cryptocurrency scammers have made not less than $145,000 this week by selling faux 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 hundreds, if not tens of millions, of followers. They then tweet faux giveaway scams from well-known folks or corporations, comparable to Elon Musk, Tesla, Gemini Trade, and extra not too long ago, 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 beneath.

A tweet promoting a fake Elon Musk giveaway
A tweet selling a faux Elon Musk giveaway

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.

Fake Tesla cryptocurrency giveaway site
Faux Tesla cryptocurrency giveaway web site

These websites inform guests to ship cryptocurrency to the listed tackle, and the location will ship again double the quantity you despatched.

Individuals 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 checklist of examples MalwareHunter shared with BleepingComputer, we now have decided that the scammers have made not less than $145,000 this week alone.

These earnings embrace 1.49094148 bitcoins, with at immediately’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 lots of the websites related to these scams change to completely different URLs and cryptocurrency addresses, the scammers possible made rather more this week.

As these scams generate an unimaginable amount of cash for the menace actors, they aren’t 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.

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