Verified Twitter Accounts Increasingly Hacked for Crypto Scams Despite Security Measures
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There is a surge of crypto/phishing scams on Twitter (now X) using verified "gold checks" on hacked or purchased dormant accounts to lure victims. Scammers are becoming more sophisticated.
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High-profile verified accounts like Mandiant and Vitalik Buterin have been hacked despite security measures, scamming users out of hundreds of thousands in crypto.
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Gold check accounts can be purchased for $500+ on the dark web and used to scam people more easily by appearing verified.
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X is not effectively addressing the issue, while security experts recommend organizations strengthen monitoring, security settings, password practices to avoid becoming hacking targets.
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As long as selling checks remains profitable, scams involving them will likely persist on X.