Scammers Now Use Verified Twitter Accounts: Remain Vigilant!

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In the days leading up to the Ethereum Merge, reports show that scammers increased their efforts on social media, with Cointelegraph identifying over six Twitter accounts with verified badges claiming to be Ethereum CEO Vitalik Buterin. These accounts copied every detail from Buterin’s original account, including tweets, and then used these accounts to promote fake giveaways, airdrops, and promos to dupe unsuspecting victims out of their funds.

Prominent figures in the crypto space, including centibillionaire Elon Musk, have constantly lamented one of Twitter’s biggest problems — bots. These bots are known to “camp” under the comments of popular accounts and lure victims to “claim rewards” and click on malicious links.

However, it would appear that these scammers have taken their unfortunate practices up a notch to go unnoticed by using verified profiles in their schemes; this way, their propositions and promises seem authentic to victims.

The recently identified verified scam account has been actively promoting fake Ethereum giveaways ahead of the Merge and luring investors into exposing their crypto wallets.

To identify these fake verified accounts is to pay close attention to the handle (username) of the profiles. Because Twitter does not allow for the replication of usernames or handles, these accounts always miss or alter a letter(s) from the original profile name.

In recent times, numerous fake accounts impersonating Binance CEO Changpeng ”CZ” Zhao have sprouted all over Twitter. Scammers have also been known to impersonate the Ethereum Foundation and try to garner public support and credibility.

Scammers More Active in Crypto Space During Times of Hype and Excitement

Bad actors and scammers are known to ramp up their activities around bull rallies and significant network events, such as the Merge, to scam uninformed and excited investors.

It is advisable to always verify promos or giveaways from official sources, on and off social media, to avoid falling victim to these vicious scammers. Social media users are also advised to report suspicious accounts to save others from falling into their traps.

 

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