The Twitter account of Ben Armstrong, a crypto enthusiast, and influencer, was hacked and was used to promote Anti- SEC Scam Tokens. Ben is popularly known as BitBoy in the industry.
Bitboy has over 1 million followers on Twitter. And he follows 1,113. On the morning of June 11, the hacker posted several banners featuring SEC Chair Gary Gansler as BitBoy. The posters contain strong language. One of the posters said “Save Crypto from Gary Gansler by claiming you from $FCKSEC tokens.”
Another post from Ben Armstrong’s account is an image with a different expansion of the SEC: “ Stupid Egotistical CockSucker.” SEC stands for Securities and Exchange Commission.
The incendiary images are surfacing amid SEC’s brutal crackdown on the crypto industry which has left many with weakened hopes about the future of the industry in the US. This week, the financial watchdog sued Coinbase and another major exchange with multiple serious charges.
The above image is a screenshot of the unverified website promoting tokens featuring Gary Gansler. However, it is essential to note that there is no confirmation that if, or if not, Ben Armstrong issued these tokens.
Hackers Target Social Media Accs. of Crypto Moguls to Promote Scams
Nowadays, it is becoming common for hackers to take control of Twitter, Instagram, and other social media accounts of someone influential. Many influential and famous personalities have become victims of such hacks where they lose control over their social media accounts.
On June 2, 2023, TheCoinRepublic reported that the Twitter account of the OpenAI Chief Technology Officer was hacked. Other crypto community members confirmed the hack on Twitter.
Hackers also targeted the co-founder of Sandbox in the last week of May 2023. The hacked account promoted free airdrops and launched some new tokens in the market. Following the post from Arthur Madrid’s account, the Sandbox community confirmed that the account was hacked and warned the community to stay away from such posts till further notice from the team.
Earlier on April 11, 2023, news stirred the crypto community when it was discovered that hackers targeted the Instagram of the Sandbox community and tried promoting fraud. In 2022, hackers bypassed two-factor authentication (2FA) and tried to rent Bored Ape Yacht Club (BAYC) NFTs from users.
Hackers target social media accounts because it is one of the easiest and most effective ways of advertising their ponzi schemes and frauds.
Over the last few days, the crypto market has seen lots of criticism because of the SEC’s action against Coinbase and other leading crypto exchanges. Popular altcoins including Solana, Cardano, and Gala and a few others fell more than 20% in the last few trading sessions after the SEC declared these securities.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/06/11/ben-armstrong-aka-bitboys-twitter-hacked-anti-sec-tokens-by-acc/