Altcoin News: Criminals Capture Bitcoin via Fake Twitter Account

August 27, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

It is known that criminals have stolen over a false Twitter account over 20 BTC. Two offenders have now been imprisoned.

At first glance, the scale of the current indictment before a US court appears manageable. Looking behind the published data, but it is clear that for crypto-fans in many places dangers lurk. In the case mentioned here is a scam based on the Bitcoin. According to a statement from the Attorney’s Office of the District of Oregon, the scam was done by two Canadians. The two perpetrators are said to have abused the social media portal Twitter for their criminal activities.

The background: The defendants apparently spent themselves as customer service of the platform HitBTC. The fraudsters created a Twitter account called @HitBTCAssist to respond to the victim’s questions online. Investigators cite 2017 and 2018 as the period of fraud.

The perpetrators probably got hold of 23.2 Bitcoin via their Twitter account. Overall, there have been five cases in which the two criminals have been guilty of money laundering on the one hand or transfer fraud on the other.

The victims have suffered a loss of more than $230,000 at the time of the crime. Furthermore, the investigators also accuse the perpetrators of identity theft. The latter in particular is increasingly becoming a problem for crypto fans due to Trojans and other types of malware. How many victims really exist must now bring the investigation to light.

Author: Marko Vidrih