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
Despite getting a high auction estimate, the owner of the Meiji Period lamp chose to keep it.
9 hours ago
The player, Gabriel Berkowitz pulled off a perfect night winning over $45,000 and a car.
10 hours ago
Harvey showed no mercy after he found out that Sweet Lou Dunbar didn't know how apps work.
14 hours ago
The founder of Plop Star made an unforgettable entry and a sad exit from the show.
1 day ago
The host is otherwise quick to reprimand families for backing absurd answers.
1 day ago
While the Marvel comic book fetched a $50,000 appraisal, Harrison felt it was too rich for him.
1 day ago
Jimmy Alexander became the first player to lose a brand-new car on season 43 of the show.
2 days ago
The contestant, Brianne Peterson got extremely unlucky with her letter picks for the final puzzle.
2 days ago
The guest was told that the Jasper Johns Flag Print wouldn't be valuable but it was worth thousands.
2 days ago
It didn’t help that Alvin Rosales was playfully scolded by the host just before losing the Bonus Round.
3 days ago
The photos featured some looks of the show's legendary former host, Alex Trebek, as well.
3 days ago
The player, Kate Stuntz, pulled off a miraculous win to take home over $68,000 and a trip to Iceland.
3 days ago
The owner couldn’t believe the value of Jane Peterson’s "The Floats" gouache painting.
4 days ago
The player, Callie DeWeese, failed to choose the right letters in the Bonus Round, leading to her loss.
4 days ago
The personal digs at the host have been relentless on the show by producers and players.
4 days ago
The guest had no idea how valuable her grandfathers Dutch tinware coffee pot was.
5 days ago
It wasn't one of Steve Harvey's jokes that cracked Bridget up so bad.
5 days ago
Fans now won't be able to stream more than five most recent episodes of the new season.
5 days ago
Despite the questionable morality of CATE App, Neal Desai managed to partner with two Sharks.
6 days ago
A supplier of Costco's Dubai Styled chocolate issued a notice regarding misinformation of allergens.
6 days ago