The Twitter ‘account‘ of a Belgian non-profit organization was apparently hacked and faked into an affiliated account of U.S. crypto exchange Coinbase. The impersonating account posted, what perceived to be a scam giveaway promotion, allegedly celebrating Coinbase’s user base growth in a ‘tweet‘ on 9th Jan which at the reporting time has been deleted.
Scammers had targeted the account of the FEB [Federation of Enterprises in Belgium], a non-profit organization that aims to market the interests of Belgian businesses.
After taking management of the FEB’s Twitter account, the scammers remodeled the account to visualise it alike Coinbase. The account’s description adds “Official Coinbase Promotion Account,” and its profile and cover photos featured Coinbase promotion, moreover as a link to Coinbase’s official website.
The scammers were unable to alter the Twitter account’s handle, that remained @VBOFEB, a combination of the abbreviations of the organization’s name in French and Dutch.At the reporting time, Coinbase faking has been removed from the Twitter account, tho’ retweets from Coinbase’s official account still stay within the account’s feed.
The scam giveaway tweet recently announced mimics a typical crypto scam model on Twitter, urging followers to send some crypto’s so as to receive a larger sum. The scammers’ tweet urged users to participate in a fake 3,000 Bitcoin [BTC] giveaway, allegedly in honor of Coinbase’s user base growth to “over 30,000 users.”
In addition to the Twitter account’s handle, some other signs that the giveaway tweet and accounts were a scam enclosed inconsistent range formatting and grammatical errors. Coinbase’s alleged user base, in line with the tweet, was thirty thousand, whereas the giveaway statement additionally read: “We giving [sic] away 3 000 BTC.”
Earlier in October, the host of CNBC’s Crypto trader named ‘Ran Neuner’, revealed that the Coinbase user accounts had reached 25 Mln by that point, with 600,000 user actively using the platform.
However at the reporting time, no official statement has been yet announced by FEB.
Crypto-related giveaway scams on Twitter typically involve scammers impersonating renowned industry names, like Charlie Lee or ‘Elon Musk‘, subtly modifying characters within the ‘original‘ account’s name to dupe ‘users‘.