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New cryptocurrency scandal on Twitter — fraudsters impersonate Ethereum founder and steal cryptocurrency

6:19 pm, September 13, 2022

Cointelegraph specialists have identified 6 Twitter accounts with the well-known blue profile verification checkmark impersonating Ethereum co-founder Vitalik Buterin. The attackers targeted the funds of gullible investors.

Obviously, the approach of The Merge has caused a wave of speculation on Ethereum and has become a good opportunity for cryptocurrency fraudsters to get other people’s money. Fake Vitalik Buterin posted on Twitter that on the eve of the transition to the «green» blockchain, the Ethereum Foundation would give users 50,000 to 100,000 ETH for free (different bots promise different amounts of crypto gifts).

The easiest way to identify fakes is to pay attention to the nickname (placed in the tweet under the nickname with a checkmark). This is how users verify the authenticity of Elon Musk and Changpeng Zhao's accounts, which are often impersonated by fraudsters.

As a reminder, Elon Musk has repeatedly Binance-u-tvitteri/">called on Twitter’s management to pay attention to the number of bots on the social network (bots were one of the reasons for Musk’s termination of the Twitter acquisition). In addition to the Tesla CEO, Twitter users, the CEO of Binance, and a representative of the cryptocurrency Dogecoin also drew attention to this problem.

The Twitter administration not only does not comment on user demands, but also plans to launch a feature that could increase the number of cryptocurrency frauds. Thus, Twitter developers have started testing a new post editing feature, and if the test is successful, everyone will be able to correct their posts within 30 minutes after publication.

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