Malicious actors are already using Threads to impersonate high-profile Crypto Twitter personas.
In the wake of the recent launch of Meta's text-based app Threads, scammers quickly swooped in, leading to several prominent figures from Crypto Twitter cautioning about fraudulent accounts.
Threads hit the virtual shelves on July 5th, and in the days that followed, user registrations have soared to over 98 million. Despite this rapid growth, Threads is yet to catch up with Twitter's estimated 450 million user base.
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Since the launch, several Crypto Twitter personalities have spotted and alerted about bogus accounts on Threads, which were crafted to mirror real accounts, including their own.
On July 8th, decentralized finance entity Wombex Finance shared a screenshot of a Threads account bearing its name. The firm alerted its followers that this could be a scam, as Wombex Finance doesn't have an account on the platform.
On top of that, non-fungible token (NFT) enthusiast Leonidas expressed similar concerns to his following. The user warned that he, along with several "large NFT accounts," had been duplicated by "scammers" on Threads. In an attempt to counter the fraudsters, Leonidas has now created his account on Threads.
Another example includes Jeffrey Huang, also known as Machi Big Brother on Twitter, who posted his Threads profile on July 6th. A follower promptly pointed out that a fraudulent account was already mimicking his Twitter persona on Threads.
Interestingly, the deceptive Thread accounts cited have yet to share any scam or phishing links, primarily sharing crypto-centric content.
Twitter has long been a playground for crypto phishing fraudsters. A prevalent strategy includes hijacking the Twitter accounts of high-profile individuals and businesses to spread malicious links.
In June, malicious actors hacked over eight Twitter accounts belonging to notable individuals in the cryptocurrency world and managed to steal at least $1 million in crypto.
The recent rise of Meta's Threads app has brought an influx of scam accounts impersonating prominent Crypto Twitter figures. This development warrants caution among users, further underlining the relentless efforts of scammers in the evolving digital space.
