The hype surrounding The Merge has attracted a flock of scammers who actively use verified Twitter accounts to impersonate Ethereum co-founders. Vitalik Buterin and deceive investors.
Prominent businessmen, including one of the richest people in the world Elon Musk, has pointed out Twitter’s biggest problem many times – bots. However, fraudsters have obviously stepped up their efforts to keep their nefarious intentions from being noticed by using verified profiles.
Cointelegraph has identified more than six verified Twitter accounts currently copying Buterin’s profile picture, name and profile description. Accounts actively promote fake Ether (ETH) gifts and tricking investors to gain access to their crypto wallets.
The easiest way to identify fakes is to pay attention to the Twitter handle, also known as the profiles username. Recently, fake Twitter profiles pretending to be the CEO of Binance Changpeng Zhao have increased, forcing Musk to publicly highlight the issue, as shown below.
And 90% of my comments are bots pic.twitter.com/A7RKyNJZoR
— Elon Musk (@elonmusk) September 5, 2022
At times, it has also been found that scammers have impersonated the Ethereum Foundation and tried to gain credibility among the masses. Especially during bull runs and major events like network upgrades, it’s easy for bad actors to dupe investors who are usually unaware of the scams amid the hype.
This article comes as a warning to crypto investors to help them avoid targeted scams and attacks that threaten to drain their funds.
Equally excited about The Merge, Google added a countdown timer showing the time remaining until the Ethereum blockchain transitions from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism.
Cointelegraph previously reported on recent Google search data that revealed that searches for “Ethereum Merge” generated a score above 50 several times in the past 30 days and peaked at 100 on September 3.