Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts

In the last few weeks, an assembly of swindlers has taken control of more than eight Twitter accounts owned by eminent people in the cryptocurrency world to advance phishing scams. According to blockchain sleuth ZachXBT, the group has already pilfered nearly one million dollars in cryptocurrency.

In a Twitter thread on June 9, ZachXBT revealed that he had discovered a few wallets that were “connected on chain” to phishing scams that were advertised through recently hacked accounts.

“ZachXBT pointed out that, while most of the attacks were caused by SIM Swap, it appears that other accounts may have been taken with a Twitter administrator panel.”

Figures such as Cole Villemain, founder of Pudgy Penguins, Steve Aoki, a DJ and NFT collector, and Pete Rizzo, editor of Bitcoin Magazine, all own the accounts.

Surprisingly, even Peter Schiff, a strong advocate of gold and vehement opponent of cryptocurrency, had his account hacked to advertise a suspicious link concerning tokenized gold in Decentralized Finance in December.

ZachXBT expressed his hope that Twitter Safety would thoroughly investigate the attacks, noting that they have resulted in a loss of nearly seven figures.

The blockchain detective encouraged people to choose a security key instead of relying on SMS-based two-factor authentication.

ZachXBT has highlighted yet another one of the account hacks, this time involving OpenAI’s CTO Mira Murati.

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On the 2nd of June, members of the crypto community raised alerts regarding her account, which had shared a deceptive link advertising a fraudulent airdrop for an ERC-20 token known as OPENAI.

This post was active for approximately one hour and was seen 79,600 times and retweeted 83 times before it was taken down. Notably, the fraudsters had limited who could answer the tweet in an effort to stop people from putting warnings on it.

In late May, Arthur Madrid, the co-founder and CEO of the metaverse platform The Sandbox, experienced the same type of Twitter account hack that advertised a bogus SAND airdrop.

It is uncertain whether this hack is related to the hackers identified by ZachXBT.

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