"Fraudsters Make $50,000 a Day by Spoofing Crypto Researchers"

In an ongoing campaign on X, formerly called Twitter, multiple fake accounts impersonating cryptocurrency scam investigators and blockchain security companies promote phishing pages to drain cryptocurrency wallets. The scammers use a breach on major cryptocurrency exchange platforms to lure victims as the scenario causes users to act quickly to protect their digital assets from theft. They impersonate accounts on X belonging to blockchain analytics or cryptocurrency fraud investigation companies and researchers, such as CertiK, ZachXBT, and Scam Sniffer, to promote false security breaches on Uniswap and Opensea. Many legitimate X users shared the scam on their accounts, some with hundreds of thousands of followers, without verifying the claims. This article continues to discuss the phishing campaign involving the impersonation of cryptocurrency scam investigators and blockchain security companies.

Bleeping Computer reports "Fraudsters Make $50,000 a Day by Spoofing Crypto Researchers"

Submitted by grigby1