A crypto detective noted that the bad actors are targeting mainly high-profile Twitter accounts to catch innocent crypto investors.
Crypto & blockchain technology adoption is surging rapidly in the world but the bad part of this adoption is the adoption with lack of knowledge among people. The majority of people think that crypto is a way to become rich within a small time period with a small investment, which is not true. Bad actors & scammers take advantage of the lack of crypto knowledge, to easily catch a new victim for their scams.
On 9 June 2023, ZachXBT, a popular crypto detective noted that scammers & bad actors in the Crypto sector are mainly targeting the high profile & influential Twitter accounts.
According to this crypto investigator, all these scammers are linked with each other & they hacked more than 8 Twitter accounts over the last 7 days. He also urged the Twitter safety team to address this issue & prohibit such hacking activities from the Twitter ecosystem, as they are stealing huge amounts of money from innocent crypto investors.
ZachXBT noted that hackers usually tweet (suspicious crypto-related airdrop campaigns) within a few seconds of an account hack.
Also, he noted that the Twitter support team’s response rate is slow & hackers use it as an opportunity to attract huge numbers of victims in their scam trap.
Last week, scammers hacked the Twitter accounts of Bitcoin critic Peter Schiff, Pro-XRP attorney John Deaton, OpenAI CTO Mira Murati, financial market researcher Jim Bianco, Bitcoin Magazine editor Peter Rizzo, crypto Twitter user Andy, Pudgy Penguins founder Cole, etc.
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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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