“Be aware of crypto scams ” Organization in South Africa under attack

Contrary to popular beliefs, Crypto scams and frauds are quite common. As of late, South Africa’s national cricket organization was the subject of an attack on Twitter.

The Twitter account of the South African organization was compromised as the unknown scammer(s) posted tweets attempting to sell a fake Bitcoin lottery, claiming that users could win a prize worth 20 BTC ($70,860.00)

Everything started earlier today as Cricket South Africa (CSA) tweeted about its presumably new partnership with Luno, a United Kingdom-based bitcoin-related company. The Tweet read    

“@OfficialCSA is partnering with @lunomoney for the fist South African Bitcoin Lottery. Simply send 0,01 BTC to 13My18T92DCzGdrtiCgRuS32T6rFLjnG56 and your BTC Wallet Address will be entered into a BTC Lottery for 20BTC (That’s Over R1Mil). Lottery closes at 15 Jan @ 10PM.”

Luckily, The International Cricket Council (ICC) was quick to react on behalf of the South African body, by releasing a tweet stating

 

In a similar fashion, Luno also affirmed the inauthenticity of the lottery and partnership by writting

 

Fortunately, CSA, which has over a million followers was able to gain control of its account again. The organization released a statement that said

It was reported that at one point, the Bitcoin address used in the scam carried a balance of  0.02 BTC ($70), indicating that at least two Twitter users were victims of the fraud.

Furthermore, this crypto scam adds to a series of fraudulent episodes involving the digital currencies sector and Twitter over the past year.

Important personalities such as Vitalik Buterin, Etherium co-founder have spoken and voiced concerns about crypto scams, and even went as far as changing his twitter Username to Vitalik Non-giver of Ether. The main problem is, there are legions of bots and accounts spreading tweets about fake giveaways.

Many platforms have said to be working on solutions, but as of now, the problem is quite persistent, suggesting the existence of a vast network of scammers finding new ways to avoid being caught.

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Henry-Claude Madiba

Renewable energy engineer in training. I am only interested in two things, blockchain technology and contributing to making the world a livable place for the next generations.

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