Hackers exploit social media platforms like X by creating fake accounts or hijacking trusted ones to share phishing links that appear legitimate. These links often lead to fake wallet logins or prompt users to approve transactions that allow attackers access to their assets. Crypto's inherent irreversible transactions make it an attractive target for scammers. Several high-profile incidents illustrate this risk, including the hijacking of accounts belonging to notable figures and organizations, which were used to promote fraudulent cryptocurrencies. To avoid falling prey, users should scrutinize URLs for misspellings and unusual endings, recognize urgent language often used in scams, and verify the authenticity of accounts before engaging with crypto promotions. Implementing two-factor authentication, avoiding direct messages related to crypto, and separating wallets for transactions can further enhance security. With the rise of these scams, staying informed and vigilant is crucial for protecting assets in the cryptocurrency space.

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