Crypto scam bots have become a common sight in the Twitter landscape, with many premier\u00a0cryptocurrency personalities seeing an influx of fraudulent accounts commenting on their posts. This has become such a large problem that well-known cryptocurrency figures, like Binance’s CEO and Charlie Shrem, have signed an “open letter” calling for these scams to end.<\/p>\n
For those who are unaware, these bots are social media accounts that are created in the guise of a celebrity, an entrepreneur, or a well-known cryptocurrency figure. Some scammers have been known to go above and beyond traditional bots, obtaining the exclusive verified check-mark to make the scam account look even more bona fide.<\/p>\n
Once made in the likeness of a target, the bots will begin to infiltrate the comment sections of trending Twitter messages, asking users to send cryptocurrencies to a wallet address, in exchange for a substantially larger payout. Not only does the bot post a misleading comment, but it often enlists the help of other enslaved accounts to engage with the malicious tweet, making it more visible to the public.<\/p>\n
Obviously, nothing ever comes of these payments, with\u00a0many\u00a0experienced\u00a0Twitter users\u00a0realizing\u00a0that\u00a0the funds offered are too good to be true. However, some na\u00efve users, new to the crypto sphere or Twitter, have reportedly<\/a> fallen victim to this method of cybercrime, losing their funds forever.<\/p>\n These bots have become such a widespread phenomenon that Elon Musk, currently the world’s most famous entrepreneur, has even begun to acknowledge their presence, jokingly issuing a tweet regarding the “Etherium scambots.”<\/p>\n I want to know who is running the Etherium scambots! Mad skillz \u2026<\/p>\n — Elon Musk (@elonmusk) July 8, 2018<\/a><\/p><\/blockquote>\n\n