Crypto fakes on X nearly doubled, reaching over 300 accounts daily
Bad actors keep ramping up crypto scams, with impersonation accounts surging to over 300 a day, according to blockchain analysts.
Crypto scams on X are once again rising fast, with major accounts hijacked to promote fake tokens. Victims have already lost millions, and experts are warning users to stay alert.
Analysts at blockchain firm Scam Sniffer warned in an X post on Dec. 10 that starting this week, daily impersonation accounts surged by 87%, jumping to over 300 compared to the November average of 160. The spike increases the risk for users as scammers continue to exploit high-profile accounts to push fraudulent schemes.
