Researchers Unveil Crypto Scam Involving 15,000 Twitter Bots

Cryptovest

Published Aug 08, 2018 04:43AM ET

Updated Aug 08, 2018 06:00AM ET

Researchers Unveil Crypto Scam Involving 15,000 Twitter Bots

Researchers at digital security provider Duo Security have discovered a massive and sophisticated botnet broadcasting fake cryptocurrency giveaways on Twitter.

As revealed in a report released on Monday, the social media platform hosts at least 15,000 crypto scam bots. The discovery was made after the analysis of 88 million Twitter accounts from May to July. Using machine learning algorithms, the researchers illustrated the architecture of automated Twitter accounts and shed light on their behavior.

The paper, titled “Dont @ Me: Hunting Twitter Bots at Scale,” described the malicious nature of the bots. Typically, they impersonate the legitimate accounts of well-known crypto personalities, crypto exchanges, celebrities, and influential people, among them US President This article appeared first on Cryptovest