Criminals scamming cryptocurrency fans by forging tweets by famous people has exasperated one high profile leader to alter his identity. Ethereum founder Vitalik Buterin has changed his Twitter name to “Vitalik ‘No I’m not giving away ETH’ Buterin”.
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On Sunday, Buterin left his followers with no confusion — he is not associated with the fraudulent activities under the “Gift ETH and Get 10x Back” mask, and they should stop wasting their ether on scams. Presumably, he’s also tired of people asking him if the scams are real.
‘Send Me 1, You’ll Get 10x’: A Common Twitter Scam
Recently, criminals have been faking the tweets of famous crypto influencers including platforms, promising free crypto tokens.
The usual modus operandi is: “Send me 0.3-5 ETH, and You’ll get 3-50 ETH back”.The scam is pretty obvious to anyone familiar with crypto, investing… or even the internet. However, since the fraudulent post appears to come from an influential community member, it catches naïve investors off guard.
Criminals then use additional sock puppet accounts to respond to the fake tweet with thank you messages for the free tokens, and rave about how sleekly everything worked out.
There are more layers. Fake account holders show their fake wallet screenshots to catch more naïve readers who want easy money. Additionally, the “photoshopped” payment history is shown under the tweet text; it shows that ten times the amount is sent back to all who have deposited.
For example, a few days back, a fake Elon Musk profile on Twitter collected 40 ETH — equivalent to approximately $35,000 USD — in just 10 hours. Of course, the scammer did not send a single penny to anyone.
From Vitalik to Vitalik ‘No I’m Not Giving Away ETH’
The fake Twitter profiles and their responders harassed Buterin to such an extreme level that he changed his Twitter profile picture a few days back — but scammers quickly copied it. Today the young entrepreneur changed his actual name to “Vitalik “No I’m not giving away ETH” Buterin.
No, I'm not giving away ETH.
— vitalik.eth (@VitalikButerin) March 4, 2018
Talking about the “Gift ETH” scam plague on Twitter, the young co-founder firmly urged followers to stay away from fake tweets and said:
“Reminder: anyone offering ETH in response to this tweet is a scammer. Or BTC. Or BCH. Or DOGE. Or Wild Beast Block. Yall are getting nothing.” Then he shouted out the third tweet, “No, I do not give the gift ETH..” Furthermore, he wrote, “No, I’m not giving away ETH.”
Hilariously, The scammers haven’t left the warning tweet alone, and even replied to it with requests for a donation to get 10x return… again.
Do you think Twitter should take action against those scammers? Or should influential community members rename their profiles, like Buterin? Let us know your views in the comments section below.
Images via Twitter