The cool side of the blazing crypto ecosystem.
A Crypto newsletter covering the latest Hacks & Crime to keep you safe.

What’s in today’s crime cooler:

• Summary of What Happened

• What is the Impact on Users, Businesses, and Funds

• How to be More Secure in the Future

• Final Thoughts

August 9th, hackers got ahold of a crypto-focused venture capital firm, Blockchain Capital’s X/Twitter account. With this the hackers fraudulently promoted a token giveaway called “BCAP” pretending to be from Blockchain Capital.

With the posts was a link to a website very similar to Blockchain Capitals. The only think different in the URL was an additional “n” looking like so, blockchainncapital.com.

Currently, no users and funds have been reported for being scammed. The posts were swiftly taken down after a few hours once the firm regained control of it’s X/Twitter account.

Many users commented notifying others that this is fake and a scam. Along those notes users reported the posts and warned others.

This one is pretty obvious, with many red flags on the surface.

• The scammers URL link was spelled incorrectly, which can be hard to spot sometimes if you don’t specifically look for it. Also if it wasn’t HTTPS that could be another spotting point.

• Secondly, the scammers claimed that the giveaway window would only be open for a day. Creating FOMO, fear of missing out, for customers. Anytime people want you to urgently do something you should be skeptical.

• Thirdly, they turned off comments directly under the post so people couldn’t EASILY read comments stating it was a scam.

• Lastly, not checking other socials and websites, why would any company only do something somewhere in a short period of time with no previous announcement.

Hopefully, no one fell for this and could have done some quick research to find it was a scam. Furthermore, X/Twitter accounts seem to be hacked all the time and it can be the easiest place for scammers to funnel you into their websites or wallet drainers.

Just a few days before the FBI issued a warning about upcoming scams. Also note that when a social media account is hacked, the posts become urgent, like “limited supply” or “only in the next 12 hours”.

This is becoming more popular and companies should look to protect and secure their socials so avid investors and users don’t get scammed.

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Disclaimer: The information shared in this newsletter is for informational purposes only and should not be considered financial advice. It is crucial to conduct independent research and consult with a financial advisor before making any investment decisions.