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Official OpenAI X Account Hacked in Crypto Scam, Promotes Fake Token

Andras Crow-Hreidar by Andras Crow-Hreidar
September 24, 2024
in Crypto, News
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OpenAI X Account Hacked to Promote Fake Cryptocurrency Scam

In a recent alarming incident, an official OpenAI X (formerly Twitter) account was compromised to promote a fraudulent cryptocurrency scheme. The deceptive post falsely claimed that OpenAI users could claim an “OpenAI token,” which allegedly offered early access to future beta programs. However, it is important to note that no such token exists, and this was a clear attempt to defraud users.

The Scam in Detail

blockdag 70m

According to reports from Bloomberg, the scam post contained multiple errors that helped identify its fraudulent nature. The token was mistakenly referred to as “$OPEANAI” instead of the correct “$OPENAI.” The post included a link to a phishing website, “token-openai.com,” which was specifically designed to steal users’ cryptocurrency wallet credentials. Although the post has since been deleted, it managed to reach and mislead thousands of users before its removal.

Context of Increasing Cryptocurrency Scams

This hacking incident is part of a larger trend of increasing cryptocurrency scams across the industry. Earlier in 2024, similar attacks targeted key OpenAI employees, including Chief Scientist Ilya Sutskever and CTO Mira Murati. These accounts were also briefly compromised, and used to promote fake token schemes, underlining the growing sophistication of these scams.

OpenAI’s Response and Security Measures

In a recent memo, OpenAI’s security team alerted staff to the rise in account takeovers and provided advice on strengthening security protocols. Despite these warnings, cryptocurrency scams continue to proliferate, exploiting unsuspecting users and stealing funds through phishing attacks.

The Broader Impact of Cryptocurrency Scams

Cryptocurrency scams are becoming alarmingly common, with Americans losing billions of dollars nationwide. Scammers often request cryptocurrency transfers, which are notoriously difficult to trace once sent, especially to countries that do not cooperate with U.S. law enforcement.

According to blockchain security firm CertiK, cryptocurrency scams in 2024 have led to substantial global losses, amounting to billions of dollars. The FBI reported that Americans alone lost $5.6 billion to crypto-related scams in 2023, a figure that is likely to rise in 2024 as these schemes become more sophisticated.

Awaiting OpenAI’s Official Statement

As of now, OpenAI has yet to issue an official statement regarding the latest account breach. The organization’s silence on the matter leaves many questions unanswered as users seek reassurance and guidance on how to protect themselves from similar scams in the future.

In conclusion, this incident serves as a stark reminder of the importance of vigilance and robust security measures in the digital age. Users are advised to stay informed about common scam tactics and to take proactive steps to safeguard their digital assets.

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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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