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

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


Elon Musk

Cryptocurrency scammers have made no less than $145,000 this week by selling faux giveaways via hacked verified Twitter accounts.

Final month, we reported an rising 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 hundreds, if not hundreds of thousands, of followers. They then tweet faux giveaway scams from well-known individuals or firms, corresponding to Elon Musk, Tesla, Gemini Alternate, and extra not too long ago, Chamath Palihapitiya, and Social Capital.

When tweeting the scams, it’s common 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
Pretend Tesla cryptocurrency giveaway web site

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, 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 advised 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, now we have decided that the scammers have made no less than $145,000 this week alone.

These earnings embrace 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 swap to completely different URLs and cryptocurrency addresses, the scammers seemingly made way more this week.

As these scams generate an unbelievable sum of money 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 is not going to produce something in return.

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