Hackers Hijack Verified Accounts to Trick Users Into Fake Crypto Scams
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Hackers are hijacking verified X (Twitter) accounts, posing as cryptocurrencies to trick users into investing in fake crypto scams. They target accounts people trust to seem more legitimate.
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Tactics include using hacked verified accounts to promote fake cryptocurrencies, promising free crypto tokens, and redirecting victims to download malware.
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Steps to stay safe include being skeptical of crypto offers that seem too good to be true, using strong passwords and two-factor authentication, updating software, and monitoring account activity.
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If you become a victim, immediately secure your account, inform contacts, monitor account activity, seek expert help if personal data is compromised, and use identity theft protection services.
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X should consider additional verification protocols beyond checkmarks to validate legitimate cryptocurrency projects and make it harder for scammers to impersonate trusted accounts.