Crypto investors should be cautious and mindful of Twitter bots that might try to snatch away their crypto wallets.
Multiple tweets about cryptocurrency are constantly being made on Twitter, but now it’s becoming clear that cybercriminals are abusing the platform in order to steal digital wallets. Cybercriminals continue to develop new and innovative ways of stealing people’s digital currencies.
The cryptocurrency industry is both highly volatile and full of troubles, that’s for sure. Crypto investors should take care of their crypto wallets & watch out for cybercriminals. It’s essential to post cryptocurrency tweets on social media daily. Let’s explore how cybercriminals are utilizing Twitter followers to steal crypto wallets through cryptocurrency tweets in 2021.
Cybercriminals are on one of the most popular social media platforms, Twitter, to monitor cryptocurrency tweets with focus keywords such as crypto, cryptocurrency, Bitcoin, Ethereum, and more. They started to post risky and malicious links with comments in tweets.
Twitter bots are good for crypto-wallets. Specifically, they can help with keywords such as MetaMask, TrustWallet, and Phantom. These bots respond to common queries and provide contact forms for ‘support’ in case people have any questions about these particular trendy digital wallets.
Keep your private key in the best crypto wallets and make sure it’s not forgotten. Without it, you will not be able to access any of your cryptocurrencies. Bitcoin crypto tweets with such keywords are highly dangerous for Bitcoin investors to protect Bitcoin wallets from the hands of Twitter bots
Crypto investors should be aware that there will probably be a bot on Twitter impersonating a crypto exchange. They might ask you for YOUR email and crypto wallet recovery phrase to use a form that takes over your account to steal your cryptocurrency
With “recovery phrases”, you are able to refill your crypto wallet even if you lose your password. This is possible with a list of 12-24 words from the wallet itself which will help you recover it quickly. The bot on Twitter has helped transfer these digital currencies and assets efficiently
Twitter announced that they are working on an issue that has been concerning Twitter users, dealing with Twitter bots stealing crypto wallets. They recommend not sharing any recovery phrases with anyone to avoid this new cyber beast attack.
As cryptocurrency continues to grow in popularity, scammers are working extra hard to steal as much as they can. One of the most popular ways is through social media accounts and tweets. One should make sure they do their research before posting crypto-related content online and stay on top of these scams with the help of Twitter by reporting suspicious tweets and accounts.