Sunday August 21, 2022 ▪ 9:00 pm ▪
5
min read – with
Identity theft alerts on social networks are endless. Vitalik Buterin and CZ have provided excellent details on the subject. There are currently thousands of fake accounts and fake identities on Instagram and LinkedIn.
CZ and Vitalik Buterin warn about identity theft
At the beginning of the week, two icons of the crypto world followed each other on Twitter to issue a warning about fake accounts related to their project or their name.
On August 14, the co-founder of Ethereum warned enthusiasts that there were 5,000 fake accounts in the name of Vitalik Buterin. He, who has never opened an account on Instagram, made this announcement through the Blue Bird network.
” A constant reminder: all of my 5,000+ Instagram accounts are fake profiles and do not belong to me. All the posts you get under the name ‘Vitalik Buterin’ (or ‘Bütein’ or whatever) are a scam. »
The day after this publication, CZ also made a mea culpa through his official account.
“ LinkedIn has 7,000 ‘Binance employee’ profiles, of which only about 50 are real. I wish LinkedIn had a feature where the company could verify people. So many ‘hey, I’m a list manager’ scammers on LinkedIn. Be careful ! »
Basically, LinkedIn is said to host about 6,950 impersonator accounts that show affiliation with cryptocurrency exchange Binance. The worst thing is that there are a large number of the latter scammers.
What are the consequences?
First, there is the proliferation of the crypto scam. An investor named CEO Wilfred also used Vitalik Buterin’s post to deny his case.
” I lost over $7,000 this way; He scammed me saying that he would discourage me from working on the ETH project. »
The 2011 Crypto Whale also admitted to losing 67.5 ETH through this fraudulent practice. He wished Buterin had advised against the ETH community much earlier.
And then there’s this denial by CZ about the lack of identity verification functionality on LinkedIn. Let’s not forget that he recently founded DappBay, a device for monitoring the reliability of crypto projects.
As a reaction, LinkedIn recognized this vulnerability and promised to take the necessary measures to block this type of account as soon as they are created. To say that the company has already announced positive results in this direction last year. Its transparency report for the period from July to December actually stated that 96% of all fake accounts on the network were blocked.
But that didn’t stop the 6,950 fake Binance employees from emerging on LinkedIn.
Note that Elon Musk has decided to postpone the Twitter takeover for the same event. For him, the American social network has about 25% spam accounts. Which was strongly denied by the current administrators of Twitter. In any case, the warnings that scams that Dogecoin and others continue to do so still valid. Investors beware!
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