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There is a new digital currency scam making its rounds and capitalizing on the US presidential election. The Twitter account (@EmmaIsaacs) is impersonating Elon Musk, commenting on Donald Trump’s tweets, and encouraging Twitter users to visit a fraudulent website that prompts them to send BTC and ETH to a designated wallet address.
Hopefully you’ve seen, but haven’t fallen in love with, enough scams to know when a criminal is trying to defraud you. But unfortunately, around $ 32,000 in BTC and $ 6,000 in ETH were sent to the lookalike’s wallet addresses.
Capitalizing on the elections
Residents of the United States are currently awaiting the release of their presidential election results. At the moment it is a tight race; some states are still counting the votes and don’t expect their official counting to take place until Friday or later. That said, the Americans are eagerly awaiting the election results. This means that Americans are paying more attention than usual to the media, including Twitter, which makes the Internet the perfect attack vector for those looking to capitalize on the group of people awaiting election results.
Beware of scams related to digital currency
Be on the lookout for scams related to digital currency; given the presidential election, cybercriminals will plunder the population pending the election results to facilitate their scams. Beyond that, cybercrime is on the rise, just as Lance Morginn, president of Blockchain Intelligence Group (CNSX: BIGG | OTC: BBKCF | WKN: A2JSKG) said in his interview with CoinGeek,
“It’s a lot easier for kids to be able to sit in their bedroom, via VPN and TOR and that kind of thing and really try to make it hard for law enforcement to track them down by traditional means” in reference to the reason for there has been an increase in cybercrime over the years.
So remember, you should always do your research before investing, and if the return on investment seems too good to be true or if you are unfamiliar with the entity asking you to invest or send them money, then it is best not to invest. at all.
New to Bitcoin? Check out CoinGeek Bitcoin for beginners section, the ultimate resource guide to learn more about Bitcoin, as originally intended by Satoshi Nakamoto, and blockchain.
