Twitter's
new fraud strategies
target cryptocurrency users
Links (URL) in the platform "X" (formerly Twitter)
have recently been exploited
by cryptocurrency fraudsters to carry out new scams.
This new type of fraud is based on redirecting users to fake channels
where their cryptocurrencies are stolen by convincing them that
global cryptocurrency companies distribute free prizes and gifts.
The core of this gap lies in the structure of Twitter's URLs
where Twitter prioritizes the Status ID rather than the username.
This allows fraudsters to change the username in
the tweet link without affecting the destination of
the original post, and thus seems to have been released
from trusted entities such as "Pinance"
"Ethereum" and other global entities.
Scammers have also
started creating usernames matching major companies
making it difficult for inexperienced users to notice differences.
The complexity of using
the Twitter app on mobile phones increases, as fake tweets
are difficult to detect due to the lack of an address bar in the app.
This gap was first highlighted in 2019 by a security expert named
Davy Weberal, who warned it could be exploited in online scams.
Since
the reorientation feature is an integral part of Twitter's design
we are unlikely to see an official solution in the near future.
The only way to avoid becoming a victim of these smart tricks is
not to click on suspicious links and always check the address bar to
make sure the links are correct regardless of their source.
Recent news of
increased cases of fraud on Twitter
particularly those targeting cryptocurrency owners, contradicts
Elon Musk's vision after his Twitter takeover.
For a long time
Musk's vision has been to turn Twitter into a comprehensive
app that offers cash and encrypted financial services.
He has worked hard to achieve this by applying to regulators
for licences that allow the platform to facilitate cryptocurrency payments.
Comments
Post a Comment