In recent weeks, a group of scammers have hijacked more than eight Twitter accounts belonging to prominent figures in the crypto space. The group has stolen almost $1 million worth of cryptocurrency so far.
Accounts that have been hacked include those of:
💠Cole Villemain, founder of the Chubby Penguins
💠DJ and NFT collector Steve Aoki
💠Bitcoin Magazine Editor Pete Rizzo
💠Crypto influencer and entrepreneur Gary Vaynerchuk
💠Golden Beetle Peter Schiff
Fraudsters were able to take control of these accounts using a variety of methods, including SIM card swapping and phishing attacks. Once in control of the accounts, they used them to promote phishing scams. These scams involved sending tweets that appeared to be from the legitimate account holders, but actually contained links to fake websites.