Blockchain Capital, a venture capital firm specializing in cryptocurrencies, had its Twitter account (@blockchaincap) hacked by scammers who attempted to lure users with a fraudulent token giveaway scheme. On August 9th, the hackers used the account to promote a fake token giveaway called "BCAP," which redirected users to a fraudulent website that imitated the appearance of the actual Blockchain Capital website. The hacker's website was designed to closely resemble the legitimate one, with a URL that differed by only one letter. The fraudulent site then instructed users to link their cryptocurrency wallets. However, Blockchain Capital regained control of its account and removed the fraudulent posts shortly after the incident.
Copycat Website Utilized By Crypto Phishing Scammers
Phishing scammers often create copycat websites that closely resemble legitimate ones, including those of well-known brands and reputable entities. By exploiting users' trust in recognizable appearances, scammers aim to trick victims into connecting their cryptocurrency wallets to these fraudulent platforms. This enables them to initiate malicious transactions, resulting in financial losses for unsuspecting users. To further deceive their targets, scammers disable the comment feature on their posts to prevent any potential warnings from vigilant users.
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Crypto VC's X Account Hacked for Token Scam. Increase In Crypto Hacks And Fake Giveaways On The Rise
Jeremy Hogan, a supporter of XRP, recently had his X account compromised and fraudulent posts were made promoting a fake XRP giveaway that lasted for four days. In July, Binance CEO Changpeng "CZ" Zhao, who has a large following of 8.5 million users on X, warned about the increasing number of phishing attacks. This followed the compromise of Uniswap founder Hayden Adams' X account. CZ has recommended using hardware devices instead of text message-based two-factor authentication for greater security. The FBI has also issued a warning about criminals targeting prominent figures in the crypto industry through various phishing tactics. Crypto VC's X Account Hacked for Token Scam.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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