- The tweet provided a hoax where the victim gets 100 ETH in exchange for a survey.
- Scammers target “verified” Twitter accounts, where they may pretend to be Buterin.
PoS advocates and the community of the second largest cryptocurrency are all excited about the completion of the Ethereum Merge. The scammers were trying to take advantage of this situation as it offered them potentially huge financial gain.
The Ethereum Foundation has already issued a warning to the public about the increased risk of fraud targeting users during this period of change. However, that didn’t stop these bad actors from changing Go First Airlines’ official Twitter account to “dynamic.eth” in the early hours of September 14.
Target verified accounts
The profile picture of the hijacked account has been changed to that of the co-founder of Ethereum Vitalik Buterin. After the security settlement, the tweet offered a scam where the victim would receive 100 ETH in exchange for completing a survey.
Scammers Target “Verified” Twitter accounts. They may pretend to be Buterin by using his picture, name, and biography to deceive investors. Several profiles have met the same unfortunate end thus far. Anyone can easily spot fake Buterin accounts by looking at their Twitter usernames or handles.
Phishing schemes, mining pools, and fake ETH 2.0 tokens are just a few examples of additional potential scams that might target investors scammed through fake giveaways and airdrops.
Given the novelty of the idea, many crypto novices may be tricked into joining a staking pool. There seem to be favorable circumstances on the surface but then they disappear with their money after they put it in. What was perhaps the most anticipated event in the cryptocurrency sector over the past several years is now over. The transition from the PoW mainnet to the Proof of Stake Beacon Chain has been completed. PoS made the default consensus mechanism for the Ethereum network.
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