In an attempt to get their hands on some fast cash, scammers have taken to Twitter and have started impersonating well known figures and major firms that are popular in the world of cryptocurrency.
The latest example of this heinous crime took place on January 30. Charlie Lee, the founder of LiteCoin has the Twitter handle @SatoshiLite and uses his real name was impersonated by an individual who used the same name and used @SatoshiLitev as their handle. The fake Charlie Lee called on his followers for donations and promised he would repay all who donated ten times what they gave.
This was the exact quote, “I am donating 240 Litecoin to the LTC community. First 60 transactions with 0.4 LTC sent to the address below will each receive 4 LTC to the address the 0.4 LTC came from LdJsGa9NLzL7QkkLzEkMsn94UodEfZKLUz Claim your LTC now!”
So far the scammer has collected $1,600 from unsuspecting individuals. All the money has already been accepted and transferred to another account. If you’re thinking that the scam has been stopped, then you are wrong. Twitter has yet to remove the scammer’s post which will allow more people to get sucked in by its lie.
This scam has become quite the trend across the board. Someone has posed as Ripple’s founder, Brad Garlinghouse in an attempt to garner donations, as well as Ethereum’s founder, Vitalik Buterin. Everytime their scams seem to include a pressure factor. Usually one would would be told that they only have a certain amount of hours or days to make this donation before the time is up.
You can always stay two steps ahead of scammers by being cautious. Check to see if these messages are coming from a verified account. Any major firm or establish individual will have an established account. You can check their official website to see if the Twitters match up. These safety procedures can take time, but they could be well worth it.