Bitcoin

Amid the cryptocurrency boom, a dark cloud looms over the crypto community as scammers recently targeted and compromised multiple Twitter accounts associated with prominent figures in the industry. With the surge in popularity and value of digital currencies, scammers have seized the opportunity to exploit unsuspecting followers, resulting in significant financial losses.ZachXBT, the prominent on-chain sleuth on Twitter, revealed the comprising security of 8&#43; accounts:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/89ae40ac21564e5b9c6a82858e248541.png" />Scammers have been gaining control of Twitter accounts and quickly launching phishing scams to trick followers into giving away their sensitive information. Disturbingly, the response from Twitter Support has been distressingly slow, allowing these fraudulent posts to remain active for prolonged periods, intensifying the potential damage caused.Scammers primarily employ a technique known as SIM swapping to facilitate their nefarious activities. By convincing phone carriers to transfer victims&#39; phone numbers to SIM cards under their control, the scammers could bypass two-factor authentication (2FA) measures. However, it is suspected that alternative methods, such as utilizing hacking tools, have also been employed to compromise certain accounts.The common thread connecting the stolen assets&#39; on-chain addresses strongly indicated that these account takeovers are not isolated incidents but rather the work of a group of scammers. Consequently, the crypto community and general Twitter users are urged to exercise heightened vigilance and adopt measures to safeguard their accounts.Read full article at <a href="https://cryptotale.org/crypto-community-on-threat-as-twitter-accounts-fall-victim-to-phishing-scams/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Community On Threat As Twitter Accounts Fall Victim to Phishing Scams

CryptoTale

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