Beware of these new crypto scams

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Last Updated on 6 November 2023 by CryptoTips.eu

This weekend, Ethereum founder Vitalik Buterin’s social media account got hacked (a scam ensued) and on Friday a post went round making everyone believe they could get free coins from the Grayscale Bitcoin Trust.

In all, two new scams during a time that Bitcoin is still moving very calmly. So, continuing to pay attention remains the main message for all crypto fans.

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Vitalik

Taking over the social media accounts of celebrities and then getting followers to click on a link is a crypto scam that has been around for several years. As Vitalik Buterin is a true legend in the world of crypto, being the founder of Ethereum and all, it was only a matter of time before his account also got hacked of course. This weekend it happened.

It is currently unclear who exactly took over Vitalik Buterin’s account (rumors say it took place via a so-called SIM swap) but what has become apparent already is that some $800,000 was stolen from his followers.

Grayscale

A second scam happened due to the popularity of a recent news story.

Just last week, Grayscale won a major lawsuit against the SEC over the possible launch of a Bitcoin ETF (exchange traded fund). As many people interested in crypto had read that, hackers understood that they could do something with the name Grayscale.

A fake account named just like the real Grayscale Bitcoin Trust, and a blue checkmark purchased made it a very successful scam.

The world of crypto and Bitcoin may be quiet right now in terms of volatility, but fans should always be on the lookout for scammers.

velishchuk1 / Depositphotos.com

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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