Twitter hacks targeting the crypto community have become unfortunately commonplace. American VC and serial crypto investor, Tim Draper, appears to be the latest victim of such scams. Well known for his bullish sentiments on Bitcoin, a September 4th tweet vouching for Bitcoin Cash (BCH) came as a surprise to his followers.
The Bitcoin bull had personally thanked a pseudo ‘RogerVer’ account for a ‘seamless experience in purchasing BCH through the Bitcoin.com platform.’ João Almeida, the co-founder of OpenNode, has since confirmed that a hacker was actually in control of Draper’s account at the time.
“I was in contact with his team. He deleted the tweet as soon as he was aware.”
While this is the only solid confirmation out there yet, some skeptics are of the view that Draper might have been promoting BCH, but it went wrong. A Twitter account dubbed ‘Whale Panda’ highlighted this perspective, noting that it might have been a ‘clueless or paid tweet that backfired.’ Interestingly, the serial cryptopreneur was among the investors in OpenNode’s 2018 seed round.
— WhalePanda (@WhalePanda) September 6, 2020
Like many other crypto investors and innovators, Draper has been associated with some scamming shortfalls, brushing shoulders with the crypto community at times. The Venture Capitalist’s DeFi backed project ‘DeFi Money Market,’ which launched in June, saw Telegram scammers rip off $40,000 from unsuspecting investors during its Initial DEX offering (IDO).
Crypto Scammers Swarming Twitter
As earlier reported by BEG, Twitter has become a playground for crypto-oriented scams. The Jack Dorsey-led social media platform is now a double-edged sword to the crypto community; At the same time, most stakeholders leverage its networking aspect; hackers are on the rise to capitalize on naïve market entrants as well as the unsuspecting crypto enthusiast.
Going by the latest updates, India’s PM Narendra Modi was a recent victim of a crypto giveaway scam that targeted his twitter account. Other prominent personalities that have been hacked similarly include Joe Biden, U.S Democratic presidential candidate in the upcoming elections.