ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Scammers Lure Twitter Users With Malicious Links to Airdrop Free Worldcoin Tokens

By creating fake accounts bearing striking resemblances to Worldcoin's official branding, they aimed to mislead users into trusting their legitimacy.
PUBLISHED AUG 1, 2023
Image Source: Getty Images | Photo Illustration by Dan Kitwood
Image Source: Getty Images | Photo Illustration by Dan Kitwood

The convergence of two significant events on July 24 – Twitter's rebranding as 'X' and the launch of the Worldcoin token – created an ideal opportunity for scammers to prey on unsuspecting users. Worldcoin, an ambitious project using retinal scans for identity verification, attracted immense attention, with over two million sign-ups before its official launch. However, the project's popularity also made it a target for impersonators on Twitter, reports Cointelegraph.

Scammers seize the moment

As Twitter unveiled its new identity as 'X,' public reactions varied widely. Coincidentally, on the same day, the Worldcoin token was launched with its groundbreaking approach to distinguish real people from bots through retinal scans. "Worldcoin token (WLD) is a token providing utility and giving users a say over the direction of the Worldcoin protocol. WLD is the first token to be globally and freely distributed to people just for being a unique individual," says the official website. At the moment, eligible verified users can claim only one free WLD token per week with no maximum. The fervor surrounding both events offered an ideal backdrop for scammers to infiltrate Twitter, posing as Worldcoin and its affiliates to exploit the hype.



 

Tactics of impersonation

The scammers' tactics were cunning and diverse. By creating fake accounts bearing striking resemblances to Worldcoin's official branding, they aimed to mislead users into trusting their legitimacy. To add a veneer of authenticity, some fraudsters took advantage of Twitter's check mark policy, purchasing blue check marks for a monthly fee. This cunning move made their impersonations even more deceptive and difficult to spot.

Image Source: Twitter
Image Source: Twitter

One of the most prevalent scams was the airdrop scheme. Scammers enticed users with promises of free Worldcoin tokens, enticing them to click on malicious links. In doing so, the users unknowingly compromised their data or ended up sending cryptocurrency to the scammers, who capitalized on their victims' trust and excitement for the project. 

Twitter and Worldcoin's battle against impersonators

In response to the influx of impersonator accounts, Twitter acted swiftly to suspend many of these fake profiles. However, the scammers proved persistent, increasing their tweet frequency to maintain their visibility and evade detection. The social media platform faced the challenge of staying ahead of these deceptive accounts while maintaining an authentic environment for users.

Worldcoin, on the other hand, confronted the irony of its situation. Despite its revolutionary identity verification system, the project struggled to combat impersonation on Twitter. Nevertheless, Worldcoin's commitment to its mission was evident, with co-founder Sam Altman proudly reporting that a new person was verified through iris scans every eight seconds worldwide.

As Twitter suspended multiple fake accounts and Worldcoin continued its mission of genuine identity verification, both platforms recognized the need for vigilant measures against impersonators. The importance of user awareness and skepticism cannot be overstated, and it is essential for users to exercise caution when interacting with accounts related to significant events or token launches.

In this digital age, where innovation meets vulnerability, users must remain vigilant and stay informed about the latest scams. By doing so, they can protect themselves from falling victim to impersonators and contribute to a safer and more authentic online community.

MORE ON MARKET REALIST
With slacking consumer spending and the 43-day shutdown, the GDP grew by just 1.4%.
23 hours ago
Economist Joseph Stiglitz claimed no policy was helping boost blue-collar jobs amid automation.
23 hours ago
Turns out a hug from James O'Halloran was worth more than the cash for Nikki.
23 hours ago
Although the player was off in her guess by nearly $10, she had a buffer to work with.
1 day ago
Harvey was excited to learn how Amrett impressed his dates.
1 day ago
Sen. Sanders called out the “greed” and “arrogance” of California's richest in his latest speech.
1 day ago
The guest who wasn't even a fan of Dolphins, owned one of the most important souvenirs of the team.
1 day ago
The mayor and the DCWP has sent out warning notices to 187 big-name gyms and health clubs
2 days ago
The new rule proposed by the VA allegedly changed the basis of determining the benefits.
2 days ago
The guest admitted that she will be "very careful" with the watch once she got home.
2 days ago
New Zealand eased restrictions for its golden visa and Americans are dominating the applications
3 days ago
ZOA Energy agreed to settle a case alleging it misled customers with its zero preservatives claim
3 days ago
Despite being bald, Harvey knew some of the answers didn't make sense.
3 days ago
Yang claims if one company cuts workers, it will turn into a competition which will be devastating.
3 days ago
The President called it a "Democrat Shutdown" blaming his political opponents for stalling talks.
4 days ago
After learning about the item, Harvey politely requested everyone to never gift him that.
4 days ago
After spotting a contestant in an all white family, Harvey had to make sure he was doing okay.
4 days ago
The contestant, Alison Betts hedged a massive bet on her opponents getting the answer wrong.
5 days ago
While customers may benefit, U.S. automakers could suffer due to the cut-throat pricing competition.
6 days ago