Blog | G5 Cyber Security

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. These scams pretend to be from well-known people or companies, such as Elon Musk, Tesla, Gemini Exchange, and, more recently, Chamath Palihapitiya, and Social Capital. One round of scams generated over $580,000 in a single week. Scammers have also begun to target other cryptocurrencies such as Dogecoin, Bitcoin and Doge.

Source: https://www.bleepingcomputer.com/news/security/scammers-promote-fake-cryptocurrency-giveaways-via-twitter-ads/

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