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- Scammers targeted Ethereum Users at the time of the Ethereum Merge.
- Scammers promised for double return at the Merge completion.
Twitter official verified a scam on Twitter that was being promoted during the time of Ethereum Merge with a display message of “Ethereum Merge double your money.” The scammer has been nailed for promoting a link to a phishing website claiming that they will double the investor’s money and give their wallets a bonus if they participate in the campaign.
The whistleblower provided a list on Twitter that shows that scammers took benefit of Ethereum Merge to attract investors into linking their crypto-wallets and are aggressively excited to cover their illegal transactions using a verified profile.
The website, recognized as a leading scam, said, “To celebrate the merge, Ethereum foundation is giving away 5,000 ETH.” with links to several accounts that invite people to transfer Ethereum with an assurance that they will receive twice as much in return.
Investors and users are struggling on social media for their appropriate rights as the scams on Twitter are operated quite often by creating duplicate links of some reliable websites.
It is not the first incident of a Twitter scam; earlier in march 2022, Airdrop Scam occurred, and Bored Ape Yacht Club (BAYC) NFTs were stolen for around $160,000.
Hacked accounts showed a BAYC NFT picture in Twitter’s ‘confirmed proprietorship’ hexagon design. They then spread spam and social design messages to draw clients into false airdrops for BAYC’s new friendly digital currency.
Twitter account hacks have multiplied in the past couple of years. In 2020, the craze resulted in a takeover of more than 100 conspicuous handles, including profiles of previous US President Barack Obama, Bill Gates, and Elon Musk.
These programmers advanced a deceitful Bitcoin giveaway which proposed to twofold any BTC shipped off a location. Shippers never obtained any Bitcoin, and the heads of that trick were ultimately prosecuted for different wrongdoings.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
