Crypto Scammers Use Twitter to Find Victims

Scammers on the microblogging site Twitter are targeting those trading in a large number of cryptocurrencies. Scammers are using fake websites, hacked accounts to lure victims with fake projects and airdrops. In some cases, crypto investors who have suffered losses in phishing scams or protocol hacks have also been targeted by sharing information on Twitter.

By pretending to help people who have already become victims of scams, scammers are trying to cheat them again. For this they claim to be blockchain developers and charge fees for using smart contracts to recover stolen funds. After getting the fees, they disappear. A cyber security analyst reported that scammers replace the URLs of genuine sites with the URLs of fake sites. After this, when a person visits a fake website, cryptocurrencies are stolen by taking their details. Apart from this, scammers also try to trap the victim by messaging on Twitter.

Cases of scamming low-income crypto investors with the allure of romance are on the rise in the US. Most of the victims in such cases are in the age group of 20-40 years. In this regard, a report by BanklessTimes was told that crypto investors in the US have lost about $ 185 million in such cases from the beginning of last year to March this year. In addition, these investors have lost more than $1 billion in other fraud cases. BanklessTimes CEO Jonathan Merry said, “Investors are at a disadvantage when it comes to romance. Their quest for romance makes them a target for fraudsters. This attraction is such that it makes a lot of people fall prey to it.” and they suffer great loss till they come to know the reality.”

Last year, Sophos cybersecurity researchers identified a bitcoin wallet worth approximately $1.4 million. These bitcoins were collected from people fraudulently on popular dating apps. In the last few months, there has also been an increase in the cases of scams on social media showing the attraction of romance with people. A unit of the Federal Bureau of Investigation (FBI) also warned about this on Twitter.

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