Cryptocurrency: Student scam rocks Twitter

Cheating, do you want some, here they are – The Cryptocurrency It is a vibrant ecosystem that is constantly reinventing itself. However, in the face of wealth that can be concentrated, it also attracts hackers and fraudsters from all walks of life. Every week, or so, we encounter new technologies. We’re back this week with a new scam that has plagued Twitter.

Hot New Twitter Scam

For several weeks, many Twitter users have been the target of a new type of scam: Student wallet scam.

In practice, this new scam is rooted in a scam already known to the general public, the rich Nigerian prince scam.

Hence, many Twitter users received some surprising messages in their direct messages.

In his letter, the fraudster introduces himself as a student with many Thousands of USDT on the wallet. Unfortunately, no one Unable to withdraw money And the need help. This allows a Twitter user to withdraw funds for the user in exchange for a reward.

A message from the scammer to his victim.

to make a withdrawal, The fraudster reveals the initial phrase Allow a Twitter user to access their wallet. Therefore, the user can restore and control the wallet.

Obviously, these messages look very suspicious. However, it is difficult to know how a scammer can take advantage of his scam, knowing that he is deliberately controlling his wallet.

The underside of a Twitter scam

Although these messages are suspicious, the fact that the fraudster revealed his initial statement still leads to questioning. In fact, A Twitter user may be tempted to try to withdraw the said funds.

However, for the scam to succeed, The wallet exposed by the attacker does not contain any ETH. Therefore, it is impossible to make any transaction, because the wallet does not have any assets to pay the transaction fee.

This is where the scam comes in on its own. The scammer is only waiting for one thing: for the victim to deposit ETH to pay the transaction fee to make the withdrawal.

Thus, the fraudster has a file The robot that constantly monitors the title revealed to its victims. When the victim comes to deposit funds, with the aim of withdrawing thousands of USDT, The bot will automatically withdraw the deposited ETH to another address.

The transaction will take place in an instant, leaving no time for the victim to respond. Neither one nor two The money deposited by the victim was stolen by the attacker.

Find the scammer

In the face of the resurgence of this scam, we conducted a small investigation. First, we tried to retrieve the wallet on the Ethereum network. However, the addresses we were able to access were completely empty. White cabbage on Ethereum.

However, things get interesting when we look at the other channels. Thus, the same initial ferry allows access to the same wallet, but on the BNB Smart Chain and this time, Bingo, there is activity.

Record one of the two addresses we were able to retrieve more than 70 different transactions in the last 10 days.

The transaction pattern is always the same: the address records an incoming transaction and within minutes an outgoing transaction to another address.

An incoming transaction is immediately followed by a withdrawal.
An incoming transaction is immediately followed by a withdrawal.

One surprising point remains. This is because the title does not contain any money. The 5,000 USDT mentioned does not exist and has never been. Thus, the victims of this scam do not seem to take the time to verify the existence of the funds.

However, analyzing outgoing transactions was tedious. In fact, the bot never sends money to the same address, so as to cover the tracks.

However, after some research, it seems that we still came across a Interesting title. This address in particular piqued our curiosity, because it had a much higher balance than other addresses, which would probably act like a relay address.

Since its creation, this address has seen a file Volume of nearly $30,000in BNB, USDT and USDC.

Folders registered by questionable address.
Folders registered by questionable address.

Another point that made it possible to verify the correctness of our thesis according to which this address was doubtful. In fact, the BSCScan block explorer allows its users to write comments related to specific addresses.

It turns out that the title in question has a comment:

The wallet associated with this address belongs to a known scammer. Pretending to be Bot Schiller’s manager. Apparently the exit wallet for the scams he has done. »

Thus, this wallet will already belong to the scammer. This is likely to lead to several types of fraud in the cryptocurrency ecosystem and return part of its profits to this address.

This scam is a reminder that it is It is important to remain vigilant in this ecosystem. When an offer, whatever it is, looks very attractive, there’s a good chance it’s a scam.

Other scams spread across the ecosystem. Thus, another common scam aims to attack the Discord servers of well-known projects, in order to carry out a phishing attack.This type of attack was recently recorded on Bored Ape Project Discord.

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