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
About 1.5 million subscribers were affected by the seven-hour-long outage.
1 day ago
The country in Trump's crosshairs accounts for roughly 4% of the global oil production.
1 day ago
Harvey simply said "My Man!" as soon as he heard the player's response.
1 day ago
As president Trump pushes for measures to acquire the island, new poll shows Americans aren't sure.
2 days ago
Trump said starting Feb. 1, his administration will block funds, but he didn't provide specifics.
2 days ago
Harvey did not like the opinion about men that he heard from Maria.
2 days ago
Harvey didn't hold back and even went on to name some of the top celebrities.
2 days ago
Senior editor Charles C.W. Cooke said the cap could destroy the GOP's chances in the midterms
3 days ago
The proposed bill aims to tackle healthcare costs, and cut the federal deficit by $1 trillion.
3 days ago
As ACA benefits expire, the president claimed his framework would reduce drug prices dramatically.
3 days ago
Harvey could not believe that the contestant could say that with her family around.
3 days ago
The family aced three Fast Money rounds in a row to cash out big
3 days ago
The donors poured in millions to support the Trump affiliated super PAC MAGA Inc.
4 days ago
These reports come at a time when consumer sentiment seems to be improving.
4 days ago
The lawmakers called the probe 'coercive' demanding a congressional investigation into the DOJ.
4 days ago
The player bizarrely named "Jeopardy!" in a totally unrelated question.
4 days ago
Seacrest expressed that the player had no way of solving the puzzle with the clues on the board.
7 days ago
Harvey had to shut every contestant up who thought it was a good answer.
7 days ago