PwC Venezuela’s Twitter now has over 37,000 followers.
Links directed to a website pretending to represent Ripple and offering free XRP.
PwC Venezuela’s Twitter account was hacked and used to advertise a fake crypto giveaway. The Twitter account started the blatant hoax at 2:13 AM UTC by sending links to a website pretending to represent Ripple and offering free XRP. Thus far, it has repeated the same link 14 times.
Typical cryptocurrency scams include asking victims to contribute money with the promise of a greater return in the form of cryptocurrency. All the tweets were visible for a long time, indicating that whoever owns the account either didn’t realize they were being scammed or had lost their password.
Concern Over New Edit Feature
PwC Venezuela’s Twitter account was scrubbed of the posts later. Experts worry that the new “edit tweet” feature on Twitter might open the platform up to a slew of frauds. Although the main PwC account had 189,200 followers, the PwC Venezuela account has just 37,100.
Investors who followed the links, risk falling victim to the hacker’s scam. Given that PwC Venezuela’s Twitter now has over 37,000 followers, the danger might be devastating if not quickly neutralized. Phishing attempts often use Unicode characters that seem extremely similar to those found in legitimate URLs in order to trick potential victims.
Concerns have been raised about whether Twitter’s recent announcement that it will test a new feature allowing users to alter tweets for a short period after publishing might promote malevolent activity like that observed on PwC Venezuela’s account.
Experts believe that if a tweet were to become popular, the original tweeter may change the link to one that steals personal information or leads others to fraud.