Post
Topic
Board Bitcoin Discussion
Re: How to Protect Yourself from Fraudulent Bitcoin Giving
by
wxa7115
on 22/07/2020, 15:55:45 UTC
Deception in the guise of Bitcoin is spreading. The most recent and most extensive case is through hacking of a number of famous celebrity Twitter accounts on Wednesday, July 15, 2020. Hackers offer a Bitcoin giveaway from those accounts. So, what are some ways to protect yourself from this mode of crime?

The perpetrators may launch social-based attacks (social engineering) against Twitter employees. Hackers access Twitter's internal systems and devices, and thus successfully tweet the Bitcoin giveaway.
For example the Kanye West account which was also hacked. The famous US musician is "tweeting" he will duplicate the Bitcoin sent to his Bitcoin address. With common logic, it is unlikely that anyone would give free money in the form of Bitcoin, without any veiled intentions.

No one will give you free money, not even Bill Gates. If it sounds too sweet, then it's certainly not true, especially in cyberspace.
The only way to protect yourself from this is to use your head, has anyone ever offered you to double your money for free on the real world and actually done so without issue? If the answer is no, then why would anyone expect this to happen on line and be a legit offer, it simple doesn't make a lot of sense.

Now, some may argue that when they saw the social media accounts of those famous and rich people do this they thought it was a legitimate offer but I am going to be very direct, you do not get to have so much money by giving it away without any restriction to people you do not know and in that case it is very unlikely the real owners were behind the messages and anyone using some common sense should have realized that within the first 5 seconds of seeing those messages.