Beware of crypto scams on Bluesky, already a victim of its own success


The growing popularity of cryptocurrencies is attracting scammers of all kinds. — Photography borevina/Shutterstock/AFP Relaxnews

Now that the Bluesky social network has surpassed 20 million users, new cryptocurrency scams are appearing on the platform. Scammers are taking advantage of the massive influx of new users, mostly disenfranchised X users, to spread cryptocurrency-related scams.

As well as attracting new users, Bluesky's success is also attracting scammers. The Bleeping Computer website has warned of the emergence of cryptocurrency scams on the platform. Recently, messages featuring AI-generated images of Mark Zuckerberg promoting the MetaChain platform and its MetaCoin currency have appeared on the network. Unfortunately, these messages link to a fake site impersonating Meta's graphic style and branding to try to trick users. Other messages tell users that they've won free Bitcoins, and again link to a malicious site.

This example is reminiscent of many similar scams on X and other social networks. So users should be vigilant on Bluesky too. Cybersecurity experts recommend checking the authenticity of profiles and websites before engaging in any financial transaction or sharing personal information.

Users of the network are naturally invited to report suspicious messages. On November 15, Bluesky announced that it had received a record 42,000 such reports in 24 hours. The network now claims to receive up to 3,000 reports per hour. By way of comparison, Bluesky received 360,000 reports over the whole of 2023. – AFP Relaxnews

   

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