Security News > 2021 > March > Scammers promote fake cryptocurrency giveaways via Twitter ads
Threat actors have started to use 'Promoted' tweets, otherwise known as Twitter ads, to spread cryptocurrency giveaway scams.
For some time, BleepingComputer has been reporting on scammers hacking into verified Twitter accounts to promote fake cryptocurrency giveaway scams.
This week, security researchers zseano, Jake, and MalwareHunterTeam have monitored a new trend used by the cryptocurrency scammers - taking out Twitter advertisements to promote their scams.
Like the previous giveaway scams, these URLs lead to fake Medium pages pretending to be from Tesla, Social Capital, and Gemini Exchange that contain further links to the actual giveaway sites.
In return, the scammers state that the sender will receive double the amount that they sent.
1MoP7JTQuJE8K9pv8mV9uwo5efCgRtLYNU - 0.02196955 BTC. 1MUSK2xaUCQmdEM8DrUJQ9RSgTdLqnKium - 0.54653960 BTC. 1Musk7UAHXM6YBtccdaqK7ttsRxSTUSDVH - 0.11815051 BTC. Unfortunately, the scammers currently use many more cryptocurrency addresses, so the amount generated is probably far more significant.