Social media can be a useful way to connect with others, stay informed and express yourself. However, the recent news also highlights the fact that hackers try to exploit social media security holes to their advantage.
Twitter experienced a significant security breach when some of the world’s most widely followed Verified Accounts — including those of Joe Biden, Barack Obama, Bill Gates and Elon Musk — started posting content linked to a crypto scam.
The Twitter security team removed most of the fraudulent Tweets but unfortunately not before some people were persuaded to send bitcoin to addresses being shared by the perpetrators. An important fact to note in this online scam is that Blockchain.com wallets were not used in this scam .
By using the Blockchain.com Explorer, anyone can look up the balance of the addresses the attackers used. As all bitcoin transactions are publicly viewable, anyone can track the scam in real time. At the time of this writing, over $117,000 worth of bitcoin from 401 transactions were sent to the following two addresses: (addresses are hyperlinked below)
Caution is the name of the game. Blockchain.com has released a note which states ' Treat all offers of investment advice, mining opportunities, unofficial giveaway chances, or any ‘get rich quick’ scheme with the utmost caution. Blockchain.com will never offer these ‘opportunities.’ Any official cryptoasset airdrop we conduct will only occur directly in the Blockchain.com Wallet or Exchange to verified users in the Airdrop center'.
If one spots or suspect a scam, one can report the profile pages to the relevant platform (in this case Twitter) and inform the Blockchain.com team too. The company aims to help remove fraudulent scams and profiles. Blockchain.com's support team conducts all customer communication through our Support Center and will only respond on its verified social media accounts.
Keep yourself + others safe:
- Never share your recovery phrase with anyone — especially over social media.
- Avoid contact with any Facebook group, page, or profile claiming to represent Blockchain.com or our support team.
- Report any suspicious activity to our Support Center, as well as the social media platforms themselves
Email Verification: Verifying your email address allows us to send login codes when suspicious or unusual activity is detected, to remind you of your wallet login ID, and to send bitcoin payment alerts when you receive funds.
Set up Two-Factor Authentication Enable two-factor authentication via SMS code, Yubikey, or Google Authenticator to further protect the wallet from unauthorized access.
Write Down Your Backup Phrase: It is the key to ensuring users' access to respective funds if one forgets his or her password .