Riding on top of the recent wave of Cardano giveaway scams, Twitter accounts of prominent persons such as Obama, Biden, Bezos, Elon, Gates, etc. were compromised today, and were used by the perpetrators to proclaim BTC giveaways.

Send me 1 BTC and I will send back 2 kind of scams.

Such free lunch is usually met with immediate skepticism by seasoned and wary crypto-folks. But giveaways  by “blue check marks” are rare if not never, and they do somehow offer a sheen of legitimacy.

And this is dangerous.

The use of 2FA and password managers seem unable to stop these hacks, and it is likely that hacker(s) exploited the weak link posed by 3rd party apps connected to Twitter.

Watch the related video of Charles discussing the recent Cardano scams below.

As Cardano progresses and gains prominence, scammers inevitably take advantage of the price bump to swindle unsuspecting ADA holders.

Stay safe on social media. If something sounds too good to be true, it most probably is.