Hackers are hijacking trusted accounts or creating fake ones to post phishing links that appear legitimate, often enticing users to click them under the guise of crypto giveaways or airdrops. These scams can lead to fake wallet login pages to steal credentials or trick users into approving malicious transactions. Crypto transactions are particularly vulnerable due to their irreversible nature and many users storing assets in insecure hot wallets. High-profile scams have occurred, such as a compromised WIRED journalist’s account promoting fraudulent cryptocurrencies, leading to significant financial losses for investors. To avoid falling victim, users should inspect URLs for misspellings or strange endings, remain wary of urgent language in posts, and verify the authenticity of accounts. Implementing two-factor authentication, avoiding unsolicited messages, and reporting suspicious activity can further enhance security. Staying informed about new scams is critical for protecting assets on social media.

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