Crypto Scam: Hijacking Verified Twitter Accounts to Trick Users

Cryptocurrency scammers are now taking advantage of investors in Twitter in hopes of making easy money. The said scammers strategically present themselves as prominent community members, with the assurance that they will be sent cryptocurrency rewards several times greater than their initial donation. According to recent reports, they even took over several verified accounts to keep up the trustworthy façade.
These scammers add bogus replies to tweets asking for donations. Oftentimes these replies thank the person for the “funds” received. Scammers are easier to spot than we think. Common marks of a twitter scammer includes: a recently created account, with usernames with extra letter, and without the blue checkmark as a sign of being verified, which only Twitter can give its users.
According to Buzzfeed News, scammers recently created a counterfeit, verified Twitter account for Tron Foundation, the organization behind TRON (TRX). They did this by hijacking the account of Literacy Bridge, a Seattle-based non-profit. After this step, they changed the profile picture, pinned a tweet exactly like the pinned tweet of the real Tron Foundation, and changed the handle to ‘tronfoundationl’. Keep in mind the extra ‘l’.
Using the established fake account, the scammers replied to a tweet posted by Justin Sun, Tron’s founder, asking for donations. The tweet mentioned got over 200 likes and retweets, according to Buzzfeed. Thankfully, some users noticed the change and notified others.
After it was reported by Buzzfeed, and the Tron Foundation, the fake account has been taken down. Unfortunately, this wasn’t the only incident in which hackers have successfully hijacked a verified Twitter account.
This serves as a reminder for all users on every social media platform out there to be extra keen on the things we choose to spend our cryptocurrency on.

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