Cryptocurrency scams are rife and countless unsuspecting investors fall victim to fraudsters. These scams usually take place through phishing links, unauthorized access to digital wallets, or fraudulent direct messages posing as customer support and asking for start-ups.
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Some scammers also take control of the social media accounts of prominent cryptocurrency companies to promote scams. In a recent attack, Circle’s Chief Strategy Officer’s Twitter account was taken over by scammers.
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Circle states that an investigation is underway
Circle stated in a tweet that the Twitter account ofDante disparts, chief strategy officer (CSO) and head of global policy, was compromised. The hacked account started promoting fake loyalty programs after the takeover.
At the time of writing, the Twitter account has been suspended and the posts are no longer visible. Circle also warned in the tweet that all links shared by the account are scams. The stablecoin issuer also stated that an investigation into the situation is underway. The news. USDC is trading at $0.9993 at the time of writing, according to CMC data.