Phishing attacks continue to wreak havoc on NFT Artist Beeple’s Twitter account

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A cryptocurrency phishing attack targeted NFT artist Beeple’s Twitter account.

The Twitter account of acclaimed digital artist Mike Winkelmann, popularly known as Beeple, was hijacked as part of yet another phishing attack to promote a cryptocurrency fraud.

A phishing link to a dubious website purporting to be a “raffle” of Beeple’s partnership with Louis Vuitton was included in the compromised account.

According to Harry Denley, one Ethereum is immediately drained after users join their wallets, a security expert at cryptocurrency wallet MetaMask.

The criminal actors tweeted a second phishing domain. It’s a more “advanced scam,” according to Denley, that asks customers to deposit ETH to an EOA.

The attack resulted in more than $71,000 in user cash loss.

Scam campaigns are frequent in the crypto world, with bad actors often posing as well-known figures like Bill Gates, Richard Branson, Elon Musk, and Brad Garlinghouse to offer “giveaways.”

These companies entice victims to send a modest amount in exchange for a higher payout, then disappear with their crypto assets.

According to Bleeping Computer, threat actors are now utilizing deep fake films of Tesla Chief and other top crypto proponents to promote a BitVex trading platform scam that siphons off deposited funds. Musk is said to be behind the bogus trading platform, which claims to allow customers to earn up to 30% returns on their cryptocurrency deposits.

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