Account Used to Try Cryptocurrency Fraud
Carl Pei, co-founder of OnePlus, a smartphone company, said Tuesday that his Twitter account had been compromised via a third-party app called IFTTT and a tweet had been injected via his profile for an apparent cryptocurrency scam. IFTT – If This Then That – is a service that allows a user to program various kinds of responses to events in the world.
The Swedish entrepreneur warned his followers to not fall for the rip-off, which invitations them to take part in an Preliminary Coin Providing for a pretend new Nothing Coin cryptocurrency. The fraudulent tweet spreading the rip-off was despatched from his verified account for about an hour on Tuesday afternoon, asking for buyers to offer funding utilizing the cryptocurrency Ethereum in alternate for receiving the brand new – and faux – Nothing Coin cryptocurrency, Pei says.
“By means of permissions granted to my IFTTT which was hacked, this Tweet was injected asking to your ETH. Please don’t ship any ETH or your private data to cryptocurrency accounts claiming to be Nothing. I’ve deleted all third celebration apps connecting to my Twitter,” Pei notes on Twitter.
Pei’s account, @getpeid, has about 337,000 followers. He urged his followers to not share any private info with the cryptocurrency accounts which can be claiming to be from his newly established startup Nothing, a client know-how agency.
By means of permissions granted to my @IFTTT which was hacked, this Tweet was injected asking to your ETH. Please don’t ship any ETH or your private data to cryptocurrency accounts claiming to be @Nothing. I’ve deleted all third celebration apps connecting to my Twitter. pic.twitter.com/WWx7Q4nPAh
— Carl Pei (@getpeid) May 25, 2021
A Rising Assault Vector
Yiannis Fragkoulopoulos, buyer safety director at Obrela Safety Industries, says impersonations and different social media-related safety threats are an growing assault vector.
“One want look no additional than final yr’s notorious Twitter hack on high-profile CEOs and companies to grasp the impression that social media impersonation might have. Gaining management and guaranteeing safety towards social media and digital dangers is a comparatively new side of safety, however can be a enterprise crucial,” Fragkoulopoulos says.
Pei, who cofounded smartphone firm OnePlus in 2013, left the corporate in 2020 to start out the tech agency Nothing.
Different Twitter Scams
In a 2020 cryptocurrency rip-off leveraging Twitter, a sequence of fraudulent tweets was despatched from the account of Indian Prime Minister Narendra Modi for an obvious cryptocurrency rip-off. The hackers requested followers to ship cryptocurrency donations to a corporation referred to as the “PM Nationwide Reduction Fund” and included a digital pockets deal with. After officers had been alerted, the messages had been taken down (see: Another Twitter Hack: This Time, India’s Modi Targeted)
The affected account, @narendramodi_in, which had about 2.5 million followers, is related to Modi’s private web site. The prime minister’s official authorities accounts weren’t affected by the hack.
In July 2020, an identical cryptocurrency rip-off affected about 130 Twitter accounts within the U.S and Europe, together with these related to now President Joe Biden, Tesla CEO Elon Musk and Microsoft founder Invoice Gates (see: Several Prominent Twitter Accounts Hijacked in Cryptocurrency Scam).
U.S. legislation enforcement officers charged three individuals with hijacking the accounts and waging a fraud marketing campaign that scammed people out of roughly $120,000 (see: 3 Charged in Twitter Hack).
Twitter discovered that a number of of its workers had been victimized by a phone-based spear-phishing assault that offered the hackers with credentials for the social media agency’s inside methods and instruments (see: Twitter Hack: Suspects Left Easy Trail for Investigators).