Security News > 2023 > November > Fraudsters make $50,000 a day by spoofing crypto researchers
Multiple fake accounts impersonating cryptocurrency scam investigators and blockchain security companies are promoting phishing pages to drain wallets in an ongoing campaign on X. To lure potential victims, the scammer uses a breach on major cryptocurrency exchange platforms.
The scammers impersonate accounts on X belonging to blockchain analytics or crypto fraud investigation firms and researchers, like CertiK, ZachXBT, and Scam Sniffer, to promote fabricated security breaches on Uniswap and Opensea.
To impersonate the legitimate accounts, the threat actors created new X accounts with similar account names.
The scammers impersonate accounts on X belonging to blockchain analytics and investigation firms or users, like CertiK, ZachXBT, and Scam Sniffer, to promote a fabricated security breach on Uniswap or Opensea.
In June 2023, hackers created fake accounts on GitHub that impersonated existing cybersecurity researchers, even linking to fake X accounts for added legitimacy.
Palestine crypto donation scams emerge amid Israel-Hamas war.