Blockchain Capital’s X account hacked to promote token claim scam

The account made multiple posts promising a token giveaway and ushered users to a copycat website to connect their crypto wallet.

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.

Related: No crypto plans for X: Elon Musk debunks scam token claims

A flood of scam posts also recently appeared on pro-XRP lawyer Jeremy Hogan’s hacked X account — where malicious links to a purported XRP (XRP) giveaway were posted for around four days.

In late July, Binance CEO Changpeng “CZ” Zhao warned his 8.5 million X followers of the increasing number of phishing attacks following the hack of Uniswap founder Hayden Adams X account.

Zhao advised against using text message-based two-factor authentication and recommended the use of hardware devices instead.

Magazine: How smart people invest in dumb memecoins — 3-point plan for success