A recent study conducted by the Observatory on Social Media at Indiana University revealed that X (formerly known as Twitter) has a bot problem, with approximately 1,140 AI-powered accounts that generate fake content and steal selfies to create fake personas, promoting suspicious websites, spreading harmful content, and even attempting to steal from existing crypto wallets. These accounts interact with human-run accounts and distort online conversations, making it increasingly difficult to detect their activity and emphasizing the need for countermeasures and regulation.
Vitalik Buterin, co-founder of Ethereum, transferred 3,000 ETH ($4.9 million) to an unknown address, possibly to diversify and secure his funds, following previous transfers totaling about $6 million in ETH.
An alleged hacker made suspicious withdrawals totaling $16 million from the crypto gambling site Stake.com, raising concerns about stolen funds and the security of crypto gambling platforms.
The increasing sophistication of AI phishing scams poses a significant threat to crypto organizations as scammers utilize AI tools to execute highly convincing and successful attacks, warns Richard Ma, co-founder of Quantstamp. These AI-powered attacks involve scammers posing as key personnel within targeted companies to establish legitimacy and request sensitive information, making it crucial for individuals and organizations to avoid sending sensitive information via email or text and instead utilize internal communication channels like Slack. Investing in anti-phishing software is also advised to filter out automated emails from bots and AI.
Twitter is plagued by scam bots that impersonate users and offer fraudulent support for cryptocurrency and NFT services, highlighting the platform's lack of effective moderation and the growing problem of crypto scams.
A fake Twitter account claiming to be associated with Grayscale is promoting a $25 million crypto giveaway, but it has been confirmed to be a scam by the real Grayscale spokesperson, highlighting the prevalence of crypto scams on the platform formerly known as Twitter.
Hackers targeted Vitalik Buterin's Twitter account and promoted a fraudulent scheme to drain people's crypto wallets, resulting in the theft of approximately $650,000 worth of NFTs.
Vitalik Buterin explains how hackers used a SIM swap attack to take control of his Twitter account and steal $691,000 from his followers, highlighting the vulnerability of using phone numbers for account recovery.
Elon Musk, CEO of SpaceX and Tesla, revealed plans for his social network, X (formerly Twitter), to introduce a monthly payment system to combat bots, but did not disclose the cost or additional features included, while also claiming to have 550 million monthly users generating millions of daily posts, without specifying the authenticity of these users. Musk's discussion with Israeli Prime Minister Benjamin Netanyahu also addressed concerns over hate speech and antisemitism on the platform, following Musk's previous amplification of such content. Musk's takeover of Twitter led to significant changes, including staff cuts, the restoration of previously suspended accounts, and the elimination of Twitter's verification system.
Elon Musk suggests that users of X (formerly Twitter) may have to pay for access to the platform in order to counter bots, with a small monthly payment being considered as a defense against fake accounts.
Donald Trump Jr.'s Twitter account was hacked, resulting in a series of outlandish posts including false claims of his father's death and threats against North Korea.
Tron founder Justin Sun is offering a 5% reward to hackers who stole $8 million worth of Ethereum from his exchange HTX if they decide to return the funds, and if not, he plans to pass along information about the exploit to law enforcement.
Elon Musk received anonymous text messages urging him to acquire Twitter and a lawsuit against him reveals that many of his actions since purchasing the platform align with the recommendations outlined in the messages, including his attacks against the Anti-Defamation League.
Scammers are targeting Friend.tech users through SIM-swap attacks, with one scammer stealing $385,000 worth of Ether in less than 24 hours, prompting calls for increased security measures such as two-factor authentication.
Hackers are selling leaked user data from 23andMe accounts on the dark web, but the company claims its security systems have not been breached and the data was likely obtained from leaked usernames and passwords from other platforms.
Elon Musk recommended following notorious accounts that promote false information on social media, amidst the ongoing conflict between Gaza Strip militants and Israel, raising concerns about the spread of misinformation on the platform formerly known as Twitter.
Hackers stole and posted for sale the data of 23andMe users, using a technique called "credential stuffing" to guess logins and gather more information through an opt-in feature, with a particular focus on Ashkenazi Jews and users of Chinese descent, although the sample data has not been verified by the company.
Hackers have reportedly accessed and posted the profile information of 23andMe customers, including names, birth years, genders, and ancestry, potentially obtained through credential stuffing.
