Cricket South Africa Briefly Falls Victim to $70,000 Bitcoin Twitter Scam - BITCOIN NET MAGZ

Cricket South Africa Briefly Falls Victim to $70,000 Bitcoin Twitter Scam

- 15.29
Cricket South Africa Briefly Falls Victim to $70,000 Bitcoin Twitter Scam

South Africa's national cricket company inadvertently fell victim to scammers on Twitter and started offering a bogus Bitcoin (BTC) lottery, Indian daily news outlet Indian Express reported on Jan. 14.

Cricket South Africa (CSA), that has more than 1 million followerstweeted its alleged participation in the plot from the early morning.

Staff claimed the organization had begun a partnership with Luno, a United Kingdom-established cryptocurrency wallet, through which users could win a trophy value 20 BTC ($70,900).

The now-deleted tweet comprised a Bitcoin address to which people wishing to be involved must send out a 0.01 BTC, also was active for about five hours.

"Apologies to all our Twitter followers who were affected from the hack overnight," CSA subsequently wrote at a followup tweet after confirming their Twitter was again under their own control.

In a separate message, Luno also confirmed the news Wasn't accurate, officials stating:

    "We distance ourselves out of this tweet that's going around. 

At press time, another tweet from PPC Newlands Cricket concerning the imitation BTC giveaway from CSA was still live.

The Bitcoin speech employed in the ninja lottery included an equilibrium of 0.02 BTC ($70) at once time, indicating only two Twitter users shipped funds.

The episode adds to the tally of scams involving the cryptocurrency planet and Twitter, the social media platform having attained something of a reputation for its clinic within the past calendar year.

Since Cointelegraph reported, well-known characters like Ethereum co-founder Vitalik Buterin have voiced concern regarding the issue, which includes mass armies of bots and fake accounts penning tweets about fake giveaways.

While the platform has said it is tackling the issue, the robots persist, research suggestingsigns of an extensive network which adapts to conditions to avoid being shut down.


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