American Rapper Nelly’s Twitter Account Hacked for Crypto Phishing Scam
American rapper Nelly had his Twitter account hacked, and the hackers used it to carry out social engineering attacks to deceive people into visiting a crypto phishing site. The hacker even changed Nelly’s profile to pose as a security analyst for Scam Sniffer, a trusted web-based security solution. The compromised account claimed to be an “on-chain security analyst” for Scam Sniffer. However, the account has now been removed or deleted.
The Scammer’s Tactics
The hacker sent messages to unsuspecting individuals, pretending to investigate compromises in wallet approvals on the recipients’ addresses. This tactic aims to trick users into signing malicious transactions and stealing their funds.
Confirmation from Scam Sniffer
Scam Sniffer, the legitimate security solution, verified the findings of on-chain investigator ZachXBT and warned users about the compromised account impersonating their team. They urged users to always visit scamsniffer.io.
Crypto Space Continues to Face Hacks
The cryptocurrency industry has experienced numerous hacks and scams this year, particularly in Q3 2023. According to a report by blockchain security platform Immunefi, there were 76 hacks on crypto projects and firms in Q3 2023, resulting in approximately $332 million in losses. September alone saw a record-high month for crypto exploits, with notable incidents including the Mixin Network attack and the CoinEx exchange breach.
Hot Take: Increased Vigilance Needed to Combat Crypto Hacks
The recent hacking incidents in the crypto space highlight the ongoing need for increased vigilance and security measures. Users must be cautious about suspicious messages or accounts and always verify information from trusted sources. Scammers are constantly evolving their tactics, so staying informed and practicing good security hygiene is crucial to protect your funds and personal information in the crypto world.
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