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Crypto enthusiasts recently witnessed a deceptive move on Blockchain Capital's social media platform. On August 9, the account oddly began promoting a purported "BCAP" token giveaway. These posts directed followers to a look-alike site cunningly designed to mimic the legitimate website of the venture capital firm. The only noticeable difference was an artfully added extra "n" in the site's web address.
Visitors to the questionable site were prompted to link their cryptocurrency wallets. This method is a favored tactic of online fraudsters seeking to deceive users into authorizing risky transactions, often leading to the loss of their funds.
To enhance their covert strategy, the scammers disabled comments on these posts. Presumably, this move was intended to prevent potential whistleblowers from alerting others to the deceit. Nonetheless, a number of vigilant individuals spread the word about this suspected scam on their own accounts.
This incident involving Blockchain Capital's account is not an isolated case. Just a few days earlier, the FBI had issued a warning to the public about cybercriminals targeting social media profiles of prominent figures within the crypto community. Their goal is to redirect followers to malicious, counterfeit websites.
Not long ago, the account of pro-XRP attorney Jeremy Hogan was also compromised. For approximately four days, it became a platform for the dissemination of harmful links related to a supposed XRP giveaway.
Underlining the risks in this digital era, Binance's CEO, Changpeng Zhao, sounded an alert to his extensive social media audience in late July. This caution followed the hacking of Uniswap founder Hayden Adams' account. Stressing the importance of security, Zhao strongly discouraged the use of two-factor authentication via text messages. Instead, he endorsed the use of more secure hardware devices for authentication.
