- June 17, 2024
- Posted by: [email protected]
- Category:
Binance co-founder Yi He has expressed concerns about the increasing cryptocurrency scams on the social media platform X, owned by Elon Musk.
As of February 2024, fake accounts on social media platform X, particularly those impersonating Twitter users, were responsible for luring over 57,000 victims into cryptophishing scams, which, according to Scam Sniffers latest report, resulted in losses exceeding 46.8 million dollars. A good number of the victims were lured into phishing websites by comments posted by fake accounts on X (formerly Twitter).
Yi took to her X handle, disclaiming the issuance of any new memecoins and pointing out that such news is operated by fake accounts impersonating her X handle to lure unsuspecting victims into investing. She also warned that clicking on such unsolicited links posted in comments could lead to a loss of money.
She highlighted the blatant attempts of the impersonators, showcasing accounts that mimicked her X handle and her real name in a bid to deceive her followers. She urges caution, recommending verifying information through liable sources and official channels.
She also tagged the CEO of X, Elon Musk, in her post, urging for actions to reduce the prevalence of such scam schemes on the X platform. She stated, “I have not issued any new memecoins. Clicking on the link will result in your money being stolen. Many people were tricked by this hacker link and lost a significant amount of money today. Is there any way to address this issue? @elonmusk”
The latest scam serves as a reminder that online fraudsters are constantly evolving their deceptive tactics, leveraging the fabricated identities of prominent characters to lure victims into scam traps. It is important now, more than ever, for crypto investors and enthusiasts to stay vigilant and protect their digital assets.
Such scam schemes have existed on all social media platforms for the longest time, but due to the new policy on the X platform, in which users can easily purchase verification badges, there has been a spike in successful sabotages purported by scammers. The ability to purchase verification badges can allow impersonators to seem more convincing and trick users into falling victim to their schemes.
