The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital was seemingly taken over by scammers attempting to lure users with the promise of a token claim.
On Aug. 9, Blockchain Capital’s account made multiple posts promising a giveaway of “BCAP” tokens and directed users to a copycat website that emulated the appearance of the VC firm’s original.
Blockchain Capital later regained control of the account and deleted the posts.
The copycat website — which included an additional “n” in the URL to closely mimic the original — directs users to connect their crypto wallet, a common tactic used by phishing scammers in order to trick users into signing a malicious transaction that drains funds.
The scammers tactically turned off commenting on the posts in an attempt to prevent others from warning of the possible scam. Multiple X users shared the posts warning of the scam attempt.
Blockchain Capital’s hijacked account comes days after the FBI warned of criminal actors taking over the social media accounts of well-known figures in the crypto space in order to funnel users to malicious spoof sites.
Zhao advised against using text message-based two-factor authentication and recommended the use of hardware devices instead.