Since the launch of Meta’s microblogging app, Threads, scammers have wasted no time in their attempts to deceive users.
Despite the app’s growing popularity, with over 98 million sign-ups since its release on July 5, it still falls significantly short of Twitter’s estimated 450 million users.
Crypto Twitter users, including prominent figures in the industry, have already raised concerns about the presence of imposter accounts on Threads.
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On July 8, Wombex Finance, a decentralized finance platform, tweeted an image of a Threads account impersonating their platform.
They warned their followers about the potential scam, as their project was not associated with Threads.
A day earlier, popular nonfungible token (NFT) influencer Leonidas issued a similar warning to their 93,000 followers.
They revealed that both they and other notable NFT accounts were being impersonated on Threads by scammers.
Leonidas took the initiative to create their own account on Threads to combat these impersonators.
Jeffrey Huang, known as Machi Big Brother on Twitter, also fell victim to impersonation.
On July 6, he shared his Threads profile, only to have another user point out the existence of an imposter account posing as his Twitter persona.
Fortunately, the mentioned Threads accounts have refrained from sharing any scam or phishing links. Instead, they have predominantly posted crypto-related content.
This serves as a reminder that scammers have long targeted Twitter as a platform for crypto phishing schemes.
One common tactic involves hacking into the accounts of well-known individuals and businesses, then posting malicious links.
These links typically aim to trick unsuspecting users into revealing their crypto exchange login credentials, crypto wallet seed phrases, or connecting their wallets to crypto-draining smart contracts.
In the first half of this year alone, Web3 security firm Beosin reported that phishing scams resulted in the theft of $108 million worth of cryptocurrencies.
As Threads gains more traction and attracts a larger user base, it is crucial for Meta to implement robust security measures to protect users from scammers.
Additionally, educating users about the risks associated with phishing scams and providing guidance on how to identify and avoid them is essential.
By taking proactive steps, both the platform and its users can work together to mitigate the threat posed by scammers in the crypto space.
