Today we conduct an investigation into Paid Scam Twitter Adverts.
We’ve already documented multiple cases where Twitter has been a central point of unique types of identity theft, phishing, and various types of fraud.
You can find our previous alerts here.
Reported to us, this one is particularly interesting as here is a new type of scam going on Twitter right now that is using “legitimate” Twitter ads coupled with major cryptocurrency brands such as Coinbase to use the legitimacy of these brands and gain more attention. These Paid Scam Twitter Adverts are currently doing the rounds on the social media giant’s network and duping unsuspecting users.
In case you don’t see the AML risk report below click here.
Above you can also see the payment gateway leading to the address to pay in. Obviously, your funds will not be returned. The Network Member who provided the data provided the address along with the above screenshots and appropriate flags in the AML Platform.
After being analyzed for correctness the data was implemented into the Coinfirm AML Platform, allowing any entity using the platform to now see where the funds potentially entering their exchange or ecosystem come from and freeze or return them as necessary.
Below you can see how the address associated with the Paid Scam Twitter Adverts is now reflected in the Coinfirm AML Risk Report with new identifiers, elevated risk rating and the appropriate flags (flags not visible).
In case you don’t see the AML risk report below click here.
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