the Twitter account Belgian non-profit has obviously been hacked and turned into a fake affiliate account of United States cryptographic exchange Coinbase. The mocking account released what appeared to be a fraudulent promotion, supposedly celebrating the growth of the number of users of Coinbase in a tweet today, 9 January, it has since been abolished.
The fraudsters had targeted the account of the Federation of Enterprises of Belgium (FEB), a non-profit organization that aims to promote the interests of Belgian companies.
After taking control of FEB's Twitter account, the fraudsters turned the account into appearing as affiliated with Coinbase. The account description reads "Coinbase Official Promotion Account", and its profile and cover photos show the Coinbase brand image, as well as a link to the official Coinbase website.
The crooks could not change the nickname of the Twitter account, which remained @VBOFEB, a combination of the abbreviations of the organization's name in Dutch and French.
Screenshot of the hacked FEB Twitter account Spoof the identity of a Coinbase promotion account, January 9
At press time, the Coinbase brand has been removed from the Twitter account, even though retweets in the official Coinbase account remain in the account feed.
Screen capture of the FEB Twitter account at the press time, January 9
The fraudulent advertising tweet released today imitates a common pattern of cryptographic scam on Twitter, prompting subscribers to send a small amount of crypto in order to receive a larger amount. The tweet of the hustlers urged users to participate in a fraudulent gift of 3,000 BTC, supposedly in the honor of the growth in the number of users of Coinbase, which increases to more than 30,000,000 [sic] users. "
False coinbase capture tweet promote a fraudulent gift
In addition to the nickname of the Twitter account, other signs indicating that the tweet and promotional accounts were a scam were inconsistencies in formatting numbers and grammatical errors. The alleged user base of Coinbase, according to the tweet, was "30,000,000", or 30,000, while the gift declaration also stated: [sic] far from 3,000 BTC. "
In October, Ran Neuner, CNBC's Crypto Trader facilitator, revealed that the number of Coinbase user accounts had reached 25 million by that date, with 600,000 users actively trading on the platform.
At the time of going to press, the FEB had not responded to Cointelegraph's request for comment.
Cryptography related gift scams on Twitter often involve scammers posing as big names in the industry, such as Charlie Lee or Elon Musk, subtly changing the characters of the original account name to fool users.