Shark Tank star Kevin O’Leary’s Twitter account was hacked Thursday and used to advertise a bitcoin and ethereum giveaway rip-off. The scammers claimed that Mr. Great is making a gift of 5,000 bitcoin and 15,000 ether, and anybody can take part.

Kevin O’Leary’s ‘Faux’ Bitcoin and Ether Giveaways

The official Twitter account for Shark Tank star Kevin O’Leary, aka Mr. Great, began selling bitcoin and ethereum giveaways Thursday morning. The account tweeted claiming that O’Leary has made some huge cash from crypto over the previous couple of years and he has determined to offer away 5,000 bitcoin and 15,000 ether. The tweet additionally gives a hyperlink for anybody to hitch the cryptocurrency giveaway rip-off occasion.

Kevin O'Leary's Twitter Account Hacked to Promote Bitcoin, Ethereum Giveaway Scam

The O’Leary Twitter account additional claimed that it’s not hacked and the giveaways usually are not a rip-off. It additionally falsely claimed that Mr. Great mentioned on CNBC final night time that he’ll away some cryptocurrencies for actual.

Kevin O'Leary's Twitter Account Hacked to Promote Bitcoin, Ethereum Giveaway Scam

The hyperlink supplied within the first tweet takes traders to a web site claiming to be the official web site for O’Leary’s bitcoin and ether giveaway. “Everybody can take part, together with these in the US,” the web site particulars. Two extra hyperlinks are supplied: one is to take part within the BTC giveaway whereas the opposite is to take part within the ETH giveaway.

The faux giveaway posts have been eliminated by Twitter just a few hours after they have been posted.

Crypto Giveaway Scams Widespread on Social Media

Cryptocurrency giveaway scams are widespread throughout numerous social media platforms, together with Twitter, Youtube, Fb, and Instagram.

Scammers usually hack the accounts of well-known folks, politicians, celebrities, and corporations and use them to advertise their faux giveaways. Elon Musk and his firms Tesla and Spacex are sometimes featured in these scams.

Within the O’Leary giveaway, the scammer evidently reused the identical web site they created for faux Tesla and Elon Musk giveaways. In addition to feedback on O’Leary’s giveaway web site thanking Musk for sending them some BTC, each the bitcoin and ether giveaway pages for the Shark Tank star have the Tesla brand on prime and have been hosted on a web site with the title Tesla within the URL.

In July 2020, numerous Twitter accounts have been hacked to promote a bitcoin giveaway, together with these belonging to Apple, Google, Barack Obama, Invoice Gates, Floyd Mayweather, Jeff Bezos, Joe Biden, Kanye West, Mike Bloomberg, Mr. Beast, Uber, and Warren Buffett. Extra just lately, Pakistani politician Imran Khan‘s Instagram account was used to advertise a giveaway rip-off that includes Musk, and the British Army‘s official Youtube and Twitter accounts have been compromised in July to advertise a bitcoin giveaway.

O’Leary was just lately slammed by the crypto neighborhood for defending former FTX CEO Sam Bankman-Fried. He was paid about $15 million to turn out to be the crypto alternate’s spokesperson. Following the FTX meltdown, O’Leary mentioned Bankman-Fried is a brilliant crypto trader and he’ll again him once more if he has one other enterprise.

What do you concentrate on cryptocurrency giveaway scams? Tell us within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.




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