Over the last two years, cryptocurrency scamming on social media has been prevalent. In January 2019, it was reported that crypto impersonation scams on Twitter raked in millions in cryptocurrencies from people pretending to be well known blockchain personalities. Now a new form of deception can be seen on the platform, as scammers are using photoshopped pictures of tech personalities and businesses like Coinbase to further another crypto con game.
Also read: Crypto Impersonation Scammers on Social Media Raked in Millions in 2018
There’s a New Crypto Scam on Twitter
There’s a new swindle on crypto Twitter where scammers are sharing screenshots of well known cryptocurrency and tech luminaries promoting supposed BTC giveaways. Typically these fraudsters will use a very popular post with hundreds or thousands of likes and type the phrase “Great News.” Underneath the user’s text is a photoshopped picture of an announcement from Coinbase saying that it’s offering a BTC giveaway. The tweets are a…