Crypto Scammers Flock to Exploit Twitter Accounts Following Merge

It has been 24 hours since the Ethereum blockchain historically went green with the arrival of its eco-friendly upgrade, called the Merge. The excitement around this launch has however, been mixed with scam threats looming large over unsuspecting Ethereum enthusiasts, exposing them to financial risks. Scammers seem to be fishing for access information of verified Twitter accounts just to later the account names to Ethereum co-founder’s name, Vitalik Buterin. Later they have been using these hacked verified accounts to post about fake giveaways to try and lure-in potential victims into their vicious scam webs.

Recently, the verified handle of India’s Go First airline was compromised byvitalik-buterin) unidentified hackers, who changed the name of the handle to Vitalik Buterin was giving away 100,000 Ether coins on a first-come-first-serve basis.

A potentially malicious link was also shared by Go First, founded as Indian ultra-low-cost airline GoAir based in Mumbai, Maharashtra and owned by the Wadia Group.

The scam was quickly noticed by Twitter users, who posted screenshots and attempted at stirring awareness.

In the last few days, screenshots of similar Ether giveaway posts from verified accounts named after Buterin surfaced on Twitter, amplifying the alerts around these potential crypto scams.

The hackers have also been changing the profile pictures of the compromised accounts to resemble that of Buterin’s.

Members of the crypto community are urging each other to check the usernames of all handles reflecting the name and picture of the Ethereum co-founder to identify fake ones and report them.

Essentially, now the Ethereum blockchain has transitioned to an energy-efficient ‘proof-of-stake (POS)’ mining model from its previous, power intensive ‘proof-of-work (POW)’ mining model. This upgrade has slashed Ethereum blockchain’s power consumption by 99.95 percent.


For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Blade Runner 2099 Series Greenlit at Amazon Studios With Ridley Scott as Executive Producer: Report

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More