The social community is commonly used to advertise cryptocurrency scams involving Elon Musk and again in 2018, scammers introduced in $180,000 utilizing the identical ways have been seeing now.
Safety researcher MalwareHunterTeam lately noticed an uptick in verified Twitter accounts being hacked to be able to promote the newest faux Elon Musk-themed cyptocurrency rip-off. All of those hacked accounts will then reply to tweets selling the rip-off to assist make it extra widespread on-line.
Moreover, the tweets include hyperlinks that redirect to an article on Medium selling the faux cryptocurrency giveaway. This text comprises directions on easy methods to ship Elon Musk bitcoin with the promise that he’ll then ship twice the quantity again to every person.
Concentrating on dormant accounts
In response to MalwareHunterTeam who spoke with BleepingComputer, many of the accounts which have been hacked for this newest rip-off have been dormant for a while now.
Nonetheless, these accounts are thought of credible by customers as a consequence of the truth that they’ve been verified and there’s a blue check mark subsequent to every person’s identify. Again in July, the social community disabled the flexibility to confirm an account following a earlier cryptocurrency rip-off which noticed Twitter hacked as properly. For that reason, verified Twitter accounts have been in excessive demand amongst cybercriminals.
Primarily based on the cryptocurrency addresses collected from touchdown pages used on this newest marketing campaign, the scammers behind it have already earned $587,000 in bitcoin.
Sending bitcoin and different cryptocurrencies to random folks on-line is all the time a foul concept, particularly once they say they’ll pay you again double your preliminary funding. This seemingly will not be the final cryptocurrency rip-off on Twitter however hopefully extra customers are waking as much as the ways utilized by scammers on the social community.
By way of BleepingComputer