Cybersecurity analyst reveals 8 sneaky crypto scams on Twitter right now

cointelegraph.com:

Cybersecurity analyst Serpent has revealed his picks for the most dastardly crypto and non-fungible token (NFT) scams currently active on Twitter.

The analyst, who has 253,400 followers on Twitter, is the founder of artificial intelligence and community-powered crypto threat mitigation system, Sentinel.

In a 19-part thread posted on Aug. 21, Serpent outlined how scammers target inexperienced crypto users through the use of copycat websites, URLs, accounts, hacked verified accounts, fake projects, fake airdrops, and plenty of malware.

One of the more worrisome strategies comes amid a recent spate of crypto phishing scams and protocol hacks. Serpent explains that the “Crypto Recovery Scam” is used by bad actors to trick those who have recently lost funds to a widespread hack, stating:

According to Serpent, these scammers claim to be blockchain developers and seek out users that have fallen victim to a recent large-scale hack or exploit, asking them for a fee to deploy a smart contract that can recover their stolen funds. Instead they “take the fee and run.”

This was seen in action after the multimillion-dollar exploit affecting Solana wallets earlier this month, with Heidi Chakos, the host of the YouTube channel Crypto Tips, warning the community to watch out for scammers offering a solution to the hack.

Another strategy also leverages recent exploits. According to the analyst, the “Fake Revoke.Cash Scam,” tricks users into visiting a phishing website by warning them that their crypto assets may be at risk, using a “state of urgency” to get users to click the malicious link.

Another strategy uses “Unicode Letters” to make a phishing URL look almost exactly like a genuine one, but replacing one of the letters with a Unicode