Ethereum classic news twitter

In this case, would you believe it? I've lucked out and won 0. You take the code to the crypto exchange in the message, create an account, then redeem your code. Once redeemed, the exchange will deposit the stipulated amount straight into your account. The crypto exchange looks fairly legitimate, and it's easy to see why scams like this take people in.

As you can see in the screenshots below, entering the referral program code sent via Twitter results in just under 0. After all, who keeps their Bitcoin on an exchange? First up, this crypto exchange asks you to verify your email address. Given this is a scam site, it's more of a procedural process to lure you into believing it is real rather than something required for the withdrawal to work. But if you use a real email address, it's another piece of information to hold onto for another scam.

Next up, you go ahead and enter your Bitcoin wallet information and the status changes to Pending. So far, so good—you'll just have to wait a little while for the withdrawal to be confirmed. Now, this alone should make you realize the exchange you're dealing with isn't quite right. Crypto exchanges will typically process transactions instantaneously, not ask you to wait for an administrator to confirm.

Your pending Bitcoin withdrawal switches to Failed, and the only way to resolve the issue is to deposit 0. Depositing the required amount of crypto will verify your account and enable the site admin to confirm your withdrawal it won't. As you can probably guess, once you send Bitcoin or Ethereum to the crypto exchange, you'll never see it again, and the Twitter scam is complete.

Remember, always use a reputable crypto exchange to trade cryptocurrency. Optional Scam: You Provide Your Personal Information On this particular fake crypto exchange, there was also an option to provide your personal information to help verify your account. The requested information varied but could have been a picture of your driving license, passport, social security number, etc.

Once uploaded, you don't know how this private information would be used, but you can probably guess it won't be favorable for you. How to Spot Crypto Scams on Twitter Although numerous types of crypto scams float around on Twitter, most of us will thankfully only encounter the most obvious versions. That is to say, unless you're packing some serious funds, have a huge Twitter following, or similar, you're unlikely to be the specific target of a scam and will just encounter what's being spammed across the whole network.

This is a good thing. It makes it easier to spot the majority of crypto scams that will come your way. It's too good to be true. Why would anyone send you a huge amount of Bitcoin or Ethereum without warning? You've never entered a competition. How did you win a competition prize from a website you've never heard of? Linkedin Users of the popular Classic Ether Wallet were urgently advised to refrain from accessing the service after a hacker managed to gain control over the website on June Reports from forums such as Reddit show that multiple victims lost thousands of dollars to the hacker.

Note that Ethereum Classic is separate from Ethereum ETH , a divergence triggered by a hacking incident that divided the Ethereum community. According to the developers of Ethereum Classic , the hacker called the domain registry and impersonated the owner of Classic Ether Wallet to hijack the site masquerading as an executive or higher-up is an old social engineering scam that is commonly used to gain valuable data.

With this kind of access, the hacker was able to redirect the domain to his own server. The hacker also inserted code on the site that enabled him to copy private keys users typed into the site, allowing the hacker to siphon funds from the victims' accounts. In response, the Ethereum Classic team quickly notified users of the compromise through Twitter and had the site blacklisted. Users were initially greeted by a blocked notification and phishing warning, but the site has since been taken down.

Typically, the scammer starts by impersonating a victim and getting a service provider to give access to a phone or device linked to multiple accounts. As soon as access is granted, the scammer locks out the victim and takes everything he can from the accessible accounts. This is particularly disastrous for cryptocurrency holders since fund transactions are essentially irreversible.

Apart from social engineering, more sophisticated threats are also on the landscape, especially since cryptocurrency use is becoming more mainstream. Attackers are not limiting their targets to wallets or individuals, but are using malware to infect systems and devices for cryptocurrency-mining. As early as , we detected an increase of hacking tools and backdoors related to bitcoin mining. Now, the threats have since become more advanced, with vulnerable Internet of Things devices coming to the fore as prime targets.

From digital video recorders to routers and connected surveillance cameras, malware are trying to infect numerous devices to form large-scale bitcoin miners.

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In response to the comment. It could be why Hoskinson has refused to hand over the account. On September 6th, Summerwill tweeted that the Cardano founder swore to damage the coin. No one knows why Hoskinson has been tormenting the ETC project. How do we address the existing problem? Before the suspension on September 15th, all posts on the platform had been about Ethereum Classic. However, it is associated with Cardano. Time will tell whether Twitter will restore the account or if Hoskinson will hand it over to the ETC community.

We have provided brand exposure for thousands of companies to date and you can be one of them too! Contact us if you have any questions: info tokenhell. He also argued that the platform did not make any controversial posts. Furthermore, the director assured the Ethereum Classic community that he had complained. Hence, he hopes that Twitter will restore the account soon. Following the suspension news, Charles Hoskinson, the founder of Cardano , came on Twitter to air his opinion on the matter.

However, his tweet sounded more like a mockery. Is it true that the Ethereum classic Twitter handle was recently suspended? In response to the comment. It could be why Hoskinson has refused to hand over the account.

On September 6th, Summerwill tweeted that the Cardano founder swore to damage the coin. No one knows why Hoskinson has been tormenting the ETC project.