24 February, 2024

CertiK Alert Warns Users That Greg Bates Twitter Has Been Hacked

1 year ago

27 Nov, 2023

The public has been alerted by the blockchain security platform CertiK Alert that the Twitter page for Greg Bates NFTs is a fraud profile that promotes phishing links that steal money from people’s wallets and use their NFTs.

According to CertiK, the con artist seems to use a tried-and-true method in which he contacts his victims on Twitter, convinces them to sign a transaction on a website to verify that they possess an NFT or a contract, and then offers them a reward if they comply with his demands.

CertiK states:

“Recently, phishing links reminiscent of prestigious companies such as Tiffany & Co and high profile art galleries were sent to victims who fell prey to these malicious sites.”

Prior to this, the con artist reworked the profile of Greg Bates and changed several Tweets and scam links with ones that were more appropriate for the new profile and story that they decided to use.

It has been stated that the profile makes use of a link that comes from the serial phishing scammer known as Monkey Drainer. This individual supposedly allows attackers to utilize the drainer contract in exchange for a share of thirty percent of the money they get from the scam.

“Looking more into the profile, we noticed that the Twitter account used to belong to Nashville country singer Greg Bates who has not been active on any social media since 2018.”

In October, on-chain investigator ZachXBT revealed on Twitter that Monkey Drainer had stolen over 700 ETH, which is equivalent to around one million dollars in US currency, in under twenty-four hours. Over the course of the last few months, there has been a rise in the number of frauds of this kind that have been carried out on Twitter.