Crypto Users Scammed by Twitter using Scammers!

Crypto Users Scammed by Twitter using Scammers Icon

Crypto Users Scammed by Twitter using Scammers. It seems Crypto Scammers have found another way to steal money from enthusiastic Crypto users.

 

Crypto Users Scammed by Twitter using Scammers

The annoying scammers have found a new way to steal money from Crypto Users. This new way involves fake Twitter accounts. Several fake Twitter accounts have been imitating some well known CryptoCurrency developers and startups. These fake accounts have been promising large earning and winning opportunities.

As the popularity of Cryptos has risen fast in past year, the amount of fake scam accounts has been on the rise as well. So what do these fake accounts do exactly to get your money? The idea is quite simple really. The fake accounts will ask donations in different CryptoCurrencies in social media. Although the amounts are small if enough people donate, the all in all loss will be quite noticeable. Scammers convince the Crypto Users to donate by offering the chance to win back multiple times the donated amount.

In some cases win will be described as a giveaway to 50-100 first users who donate or to people who donate during certain time. Of course the giveaway notice is posted by the faked developer account. So far it seems several of these accounts have been able to scam the CryptoCurrencies successfully.

According to CoinDesk the total loss is in thousands of dollars.

 

Some Examples of the Scammers in action

  • Fake user @SatoshiLitev who is copying the LiteCoin creator Charlie Lee (@SatoshiLite) promised to donate 4 LiteCoins to first 60 people, who donate small part of 1 LiteCoin first.Litecoin logo example for CryptoCurrency Litecoin Price (estimated loss so far 11.5 LiteCoins or around $1500)

Same with several Ethereum creator Vitalik Buterin (@VitalikButerin) fake clones.

  • Fake user @VittaliBuuteri promised to send 2 Ethereum tokens to anyone who sent him 0.1 Ethereum tokens.
  • Fake @vitalic_buterin did more or less the same, having scammed out around 2 Ethereum tokens (loss around $1800)

Scammers are also faking companies. For Example Ripple, the company that is behind XRP token, promised to donate 100000 XRP tokens to first user who donated

Ethereum logo example for CryptoCurrency Ethereum Price

them 100 XRP.

  • Cloned @RippleOfficial (Real Ripple account is @Ripple) even tweeted and retweeted the same tweets as the Real company ie Ripple did. All this to look more real.

Example of Crypto Users Scammed by Twitter using Scammers - RippleIt is not clear what Twitter is doing to improve this situation, but 2 fake accounts out of many have been suspended.

So in order to avoid being among Crypto Users Scammed by Twitter using Scammers be very careful who you trust and to whom you send your CryptoCurrencies.

 

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03.02.2018 – EqEST

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