Bitcoin Forum

Deception in the guise of Bitcoin is spreading. The most recent and most extensive case is through hacking of a number of famous celebrity Twitter accounts on Wednesday, July 15, 2020. Hackers offer a Bitcoin giveaway from those accounts. So, what are some ways to protect yourself from this mode of crime?

The perpetrators may launch social-based attacks (social engineering) against Twitter employees. Hackers access Twitter's internal systems and devices, and thus successfully tweet the Bitcoin giveaway.
For example the Kanye West account which was also hacked. The famous US musician is "tweeting" he will duplicate the Bitcoin sent to his Bitcoin address. With common logic, it is unlikely that anyone would give free money in the form of Bitcoin, without any veiled intentions.

No one will give you free money, not even Bill Gates. If it sounds too sweet, then it's certainly not true, especially in cyberspace.

Not only this, you should also learn to:

• educate yourself
• when in doubt, don't send any or don't participate

The thing with the recent twitter hack is that the fake btc promotion came from the verified accounts so it's really hard not to fall for it.

This is the very problem of the majority.
Even cryptocurrency or non-cryptocurrency. Most of the people who fall for these kinds of frauds are those people who want easy money or those people who really don't have any idea, but we can't blame there, but we should educate.
It's just hard sometimes, especially on my experience before when I tried to educate my friend, that I am telling that giveaway he mentioned is fake for me, he didn't believe to me.

There are legit free (without capital investment) bitcoin giveaways even on twitter but it's not like the "send me btc and I'll double it" scheme by scammers. The giveaways I'm referring to are competitions like meme, creating songs or other forms.

Adding to @cryptomaniac_xxx said, ask the bitcointalk community when in doubt. But it's better if you can already tell which ones are legit and not.

The first thing people should realize is there are no free money. You need to contribute one way or other to gain some. Airdrops are a way to increase the social presence and advertise about the project but never expect anyone to send you some money without a reason. There were some smart contract that initiated coin distribution after receiving some coins but no legit system would ask you anything above $1 to get an airdrop.

There are many ways of scamming people, it always happens in the world of crypto because there are still many people who don't even know how to differentiate legit and fake websites. One of the common ways of scamming people is creating clone websites or fake investment websites, They offer good thing, some says to double your money for only few days which is obviously a scam because there wouldnt be a legit website that will give that kind of interest. It would be their big lost if that is legit.

Here are some tips to identify fake websites.
1. Always check the source link, if there is "not secured" then you have to be careful, there are also some fake websites that has "secured" at the source link, to identify if it is fake, you have to check the link if there is wrong spelling. Example: "tltle" instead of "title" they change he word i to l.
2. Always check the grammar of every text on the website.
3. Check the reviews of the website.
Indeed, there is no website that will give free money without any reason. It is just like in our real-life thing where there will be no people who will give you money for no reason unless you are one of those
 less fortunate people.

No one want double your money. If you think that there are people ready to double your money you will lose for sure.
It's clear impossible protect someone from losing money :) if believe in "magic" money.
like HYIP . It's full of people that trash money for impossible returns...

Scamming always happen in the world of crypto or even in the real world because there are some people who have great knowledge about technology and they use it for bad things, like scamming people to have easy money, they don't even think those people who will lose their money because of the scam.
Good tips buddy, always check the source link, if you see any unusual things on it then you should doubt trying it.
A legit website always has good grammar so better to check the grammar of the instruction of the website.

It seems common and logical to you because you are aware about such scam. You know they are not true.

Most newbies fall for such scams because they think it to be an airdrop or sort and fall for it.

No one ever anticipated that so many celebrity Twitter accounts will get hacked. I would blame Twitter for not being responsible and they should refund those who had fallen for this scam.

But every one of us does have time to seek for a tweet's legitimacy if the offer that they are willing to give is legit. We need confirmation from those celebrities if their statement is true that they do bitcoin promotion. Don't just deal with it and fall for that scam. There are a lot of ways to find the truth not only the proof of their verified accs.


There's no such thing as a free money, because all of the things in the world requires effort and contribution for you to grow as an individual or financially.


High profile people only give money to those who are really in need like those charities, or financial support for those poor people. But a normal people like you, they will probably not give you free money or double your btc, that's very impossible to happen.

During the early days of cryptocurrency into usage there were more giveaways. By the time the userbase was very small. Later on the demand for bitcoin kept increasing, and the same led to cyber attacks, hacks, ransom in terms of bitcoin taking control of large networks. None is gonna give free money, there needs to be some work done for the same.

You can find lot many multiplier scripts for bitcoin and other cryptocurrencies on the market. Those were also a way to take note of private address details as well as scam people who are new to cryptocurrency usage. Myself experienced when I was new to cryptocurrency, spend more than 0.1btc and later realised the mistake. Good is to be cautious befor losing.

I've learned in the long run that there's no easy money even in cryptocurrencies. Those giveaways can be sweet as they are but you need to realize if it's a realistic giveaway. If the amount is just about $1-$10 or even $20. I think that's a realistic giveaway which you can have no worry at all but, still, you need to check all the requirements and where the money is coming in as they give it to everyone. And for the account owners, there should be a 2FA or another layer of security for popular influential people accounts.

There are still legit giveaways, but if it includes sending money to others, that's not a giveaway already. It's already suspicious if they would ask you to send money first before you can receive money or if they will promise you to double that money.

Scammers will always be there that's why it's important to educate others or those people around you about this kind of tricks because not everything they will see on the internet is real. Even those big and famous accounts from celebrities since they are prone to hacking.

You just need to be reminded that:

1. If something is given for free, you have to doubt it.
2. If something or someone is asking for BTC, you have to doubt it.
3. If something or someone is offering a too-good-to-be-true ROI, you have to doubt it.

Always doubt everything especially online. And when you doubt over something, you withhold further action until and unless the doubt is resolved.

Piece of cake

USE LOGIC!

Why would you send in first position to someone 1btc to get a 2btc?  ???

I am shocked who people believed and sent money.

Please beware of such scams

It's very basic intelligence level you require to save youself from such type of scams! No special education is needed here! Just think - why would someone give you free money?? Why would anyone want you to get rich by downloading some software??

That's it!! Problem solved!! I feel pity for those who doesn't understand such basics of life!

Well, there are still people out there who offer legit free money, just look at how Twitter has a lot of people asking for retweets and likes cause they provide free money giveaways.  I have to admit that sending money to gain more money, especially on a social media is quite suspicious, hell, 9/10 I'd doubt it and look it up first and foremost. Still, I suppose I can't blame those that got scammed 100%? I mean, we all had that point in life where we were quite ignorant of something. Especially if you were just hodling Bitcoin and don't really know jack sht about its history. If it were someone who was with BTC since 2017 or so, the twitter post would have probably sent warning signs with the way it was set up.

One thing that could protect you from all the possible frauds and scams you would face? Then it would be;

COMMON SENSE!

If you do have this then you will surely able to realize directly that you've been dealing with some scam attempts.If you do have the common sense on why the
hell they do give out money but you do need to send up some first then you will surely directly have suspicion but if you arent that greedy type of person.

The only way to protect yourself from this is to use your head, has anyone ever offered you to double your money for free on the real world and actually done so without issue? If the answer is no, then why would anyone expect this to happen on line and be a legit offer, it simple doesn't make a lot of sense.

Now, some may argue that when they saw the social media accounts of those famous and rich people do this they thought it was a legitimate offer but I am going to be very direct, you do not get to have so much money by giving it away without any restriction to people you do not know and in that case it is very unlikely the real owners were behind the messages and anyone using some common sense should have realized that within the first 5 seconds of seeing those messages.

This kind of scheme (the bolded part) is too obvious, but sadly there are lots of people falling victim to this.  Greed sure knows how to make people lose their reasonings.


Should we headbutt them or what?


People's greed dictates the mind and make it senseful.  That is why those who wanted to earn more in a short duration of time often  fall for scams.


Greed numbs people's mind.  Whatever we say, it all goes down to uncontrolled greed. So we better control our greed and don't ever let it control us.

That's obviously a scam, if someone tells you to do that. I guarantee you, that's a scam. It is not that easy to trust those offers as it is risky to send money to someone first. There's no such thing like that where they will multiply your money without even earning for themselves.


But what if there's no one to inform them? People should not always rely on other individual to become enlightened about those scams.

Also hacking is not always a person's mistakes or problem. Usually, it is the platform that lacks security that's why hackers can enter those high profile accounts.

There are so many people all around the world who want to make money easily. This kind of person fall in that kind of problems. They easily believe in free giveaway. Because they have not enough knowledge. Fraud people target that type of people who have not enough knowledge about Bitcoin. Then the fraud tell them give me some Bitcoin i will double it or etc bla bla. Finally i can tell that you need to acquire enough knowledge about Bitcoin if you want to protect yourself from fraudulent Bitcoin giving.

It's very simple to avoid such as giveaway scam attempts just by using your common sense here. If any celebrity like Elon Musk wants to distribute some money among crypto users, then he will never ask for sent money to him. Probably he would ask you just for your address. When he will ask to send money to him, then you should realize there something fishy going on which would lead you to scam. You should be smarter and should aware that there isn't something like a money-making machine, so no one will able to give you a double return. Greedy behavior should avoid always especially when it's been related to online activity. Just remember, don't hand over your money to others.

Frauds are everywhere, they exists even offline but since we are in the online world it is inevitable process that many fall for that mischief acts and many people grab that easy quick money giveaways or double scheme just what happened in the latest incident that involved many famous accounts were hacked and were used to scam people in the internet specifically on twitter crypto community. It's best always stay vigilant not to engage quickly on bogus giveaways and always asked second opinion to some friends that knows more about it. Importantly educate always on things that are not familiar and always not to click suspicious links.

Simple. Don't be ignorant and be knowledgeable.

Many are saying blah blah blah regarding this topic but the problem is that investors can easily fall into this kind of traps because they are ignorant. Come to think of it, how sure you are that this famous celebrities will make a Bitcoin giveaway. Yes it came from their own twitter account but if you are not dumb, you will realize that they will not do things like that.

Unfortunately, there are some ignorant investors out there who can fall easily into this kind of common ways of scamming people. These way of scamming them is very common already yet many are still falling from it. Can't blame though but being ignorant will lead you to being scammed. Anyway, you will not learn if you will not experience so better to experience it first :D.

There are some basic but useful rules when it comes to scam. If it's too good to be true, it's not true. So yeah, any kind of 'give us 30, get 300' is a scam. Another rule is to ensure your money is protected (from hacking). This includes strong passwords, regular antivirus checks of the devices you're using, storing private key in a safe place, using only reputable services with good reviews. And the last but not least is related to ensuring that when you're sending money, you're sending it to the right address. So I avoid QR-codes because there's a lot of scam with them and because it's impossible to check if it's the right one. And there's also malware that changes the copied address to a different one when you paste it, so checking at least the beginning, the middle and the end of the address is a must (some malware is clever enough to make the beginning the same as in the original address). Taking all of this into account, it's still important to understand that there is still a chance of getting hacked, but reducing the risks is worth it.

I hear this and also read that some big names in twitter was hack,sadly some of are bite this hacking tweet on twitter. And because of that you can see are still greedy and biting like that says that they doubler your money in instant...C'mon open our eyes and be vigilant to a fraud like that.

I think the timing also the reason for them to fall for it.

People are in oandemic and some of them are in desperate need to earn some cash. Another thing is the people themselves. One of those account hacked is MrBeast who do crazy things online. He's a YouTuber and actually flaunts his wealthiness on the internet. He gives huge donations to streamers, do crazy challenges with crazy prices and other stuffs.

Him posting this is kind of his thing so the timing really hit people off to fall for this scam.

If a giveaway requires you to do something before you can claim it, then it becomes a task. The real giveaways are run like charities. Again, those who fell for the hackers attics are themselves greedy beings who merely gambled away their hard earned Bitcoin (well, maybe not hard earned after all). Easy come, easy go, states the maxim.

In all of that twitter hack incidence, my take home (from experience) is that a bull run is about to begin for Bitcoin and the entire crypto industry. Let's just keep our fingers crossed and watch will happen in the following weeks.

With such desperation and with legit and well known personalities that being hacked
people really fall and being victimized.
This incident really brings the attentions of those followers, thinking that it was a genuine
acts since this virus is really hitting everyone.
No doubts that despite of hardship there are still people who are desperate and wanting
to take the risk.
Not thinking that well, the hackers simply runaway with the money together with the hope
from those victims of this scam giveaways.

Whats more is that most of these accounts are with 2FA authenticator which really gives security to its users.

I am following this article since. (https://www.theverge.com/2020/7/15/21326200/elon-musk-bill-gates-twitter-hack-bitcoin-scam-compromised) It would really be obvious to people if they knew that a lot of accounts are actually posting the same posts and posting the same bitcoin address. The hacker left his bitcoin address which is said to still have some transactions happening.

All you need is just to simply educate yourself.
Crypto is a place where the risk is high due to the lack of regulation, and if you are following the trend, a lot of people complain they lose money but most of them are newbies who enter into the market thinking that making money is very easy, but they were wrong because they got scam instead.

With continues education, I don't think we will fall for a scam, we will even know how to protect ourselves or our accounts from these scammers.

As long as we know they exist, we will know what measures we will do.

I think that's the thing most people forget about or at least isn't educated about. I think the most important factor that affects scamming is the fact that people is lacking knowledge in computers, cyber security, internet, and most importantly investment as ignorants still think that there is free money in the internet.

I will not to participate in a giveaway that requires sending crypto first, a few months ago there was an event like this crypto giveaway but had to send altcoin to a wallet, my friend invited me to participate in this event but I refused and gave understanding to my friend but he refused because he was already tempted by what he will get. Giveaway should to get a free money not giving our money to another.

I believe the hacked happened not in the client side, as the hackers contacted the support of twitter themselves, though, we still have huge personal responsibility over it. How? because even if the hack happened in the support, if we didn't expose too much information, hackers will have minimal info to use to impersonate us.

Therefore, by simply putting up a cover to our laptop cameras. turning off our microphone, and hiding our files to a save storage could greatly increase our privacy and vulnerability as a target to a hack.

I just simply made a conclusion when there is someone even a popular person who ask me to send bitcoin in order to I get reward/double my money back I'll deem it as a scam attempt. I never try to make any deposit for this kind, if you see some accusation in this forum you'll see many cases about this stuff and that is enough to me to avoid this thing.

And I guess for those who still fall to this scam attempt are they who just new to crypto currency. They didn't know this thing before because they think that crypto currency is based on trust where you can send money to get stuf from other people and other kind like that. This might our problem so far, crypto currency will always be deemed as hive of fraud if we can't do anything.

That's right, I agree with you. Such a situation may arise in the present context. However, in this case, no one from outside will help you. You have to defend yourself. If you have any doubts while dealing with someone, refrain from sending. I don't see anything contrary to being alert at the moment otherwise you may also face scamming.

There are a lot of people trusting others just to earn a lot of money I don't know because like this problem OP statement that even the problem of hacking and using their names just to steal a lot of money just quite confuse are still aware of scams? Yes, we all know that is a popular person but still why do you trust your money to them?.

I don't get it why not make more money with the use of bitcoin at your own and at your self only, because you can do it no one start that is good at that thing instead they learn from it they learn from the mistakes and uses those to takes advantage to earn more.


Yes, after sending the funds do you think it's true because they are well known at the end of the day the one will benefit or taken damage if those funds losses are you at the same time.

The only free cheese is in the mousetrap.

I think btc is valuable enough even Elon Musk won't give it free. So if there is a bitcoin giving i am just leaving the mousetrap.

Your first task will be to identify those whose accounts have been hacked. These accounts will be used for hacking. Learn about this as much as possible. Avoid all the tempting offers. Be careful yourself and warn those who have your Acquaintances.

They make it look like they're investing or trading it and they will do some mumbo jumbo with your coins to make more of them ;)

Long ago when the understanding of blockchain was much lower they used to scam people by selling them mining programs and "blockchain hacking software" that was supposed to piggyback on transactions and split some of them to make some coins go to your pocket every minute.

Scams are as old as humanity.

Its really irritating though, same thing happened with me. They don't want to believe us cause they are already immerse in having that FREE money, when the times comes that they already lose their own money, or when they already realize it ain't true. They will already see btc or crypto as a scam. So the image of bitcoin suffers. The problem is them not educating themselves, or them not trying to listen first.

Same with elections too, a lot of people will vote for money. They thought a politician is deserving when they gave them FREE money. Especially in a third world country. I don't even understand it, its just a simple logic. A simple use of their sense of humor can do, if they have one.

First and foremost, if it sounds too good, it high likely is. The problem is, those scam artists exploit the peoples hopes and greeds, mostly targeting those who are already struggling with financial issues. It´s like kicking someone who is already lying beaten and bruised on the floor. That´s why education is so crucial, not only in the crypto world but outside as well. Unfortunately there are so many gullible people out there that it make sense for the scammers to come up with the most outragous storys, if just 1 out of 10.000 fall for it, they won.

Btw, question to the community: I get many BTC mining scam messages recently on Instagram and even more on Linkedin. Anyone similar experiences?

Hacking is always there, they commonly do target those big people because of thinking that they could steal a lot of money from them.

Do not fall for the bitcoin giveaways especially if you are the one who will give first before you gain money, that is a big no, you should not easily trust those people or websites that is something like that. Always be vigillant and always assess the situation.

They should only try to know why those so called project are giving up some money and if those so called freebies need to be paid first.
If they are giving out why would you need to pay for it? They just need to use their common sense at all to avoid being scammed by this type of schemes.

Alot of people that fell for Scam like this are newbie who got btc but never take time to study what it is. of course, I know people believe so much in an influential people but when you check this giveaway links, you will realize the same script which has been recorded so many time as a scam is being used. if Obama want to give anything, it will be in form of donations and not requesting for funds from people. It is painful to keep seen people falling for this scam even up to this present moment

So the point is do not easily trust someone, because they have a hidden intention and end up deceiving you. This deceptive technique has been used for a long time by many people, the advantages are they successfully hack a famous person's Twitter account and it can convince people. From some people I know become victims and the reason is because there might be events or challenges because they come from famous people's accounts.

It is easy to say but unfortunately, maybe this is a harsh word but there are some "DUMB" investors out there who are still believing in this kind of scams.

Bitcoin Giveaway?? Who in the hell would do it?? For what reason they will do it if it is legit?? These are just some of the question that you can ask to yourself if you see a Bitcoin Giveaway like this. Even though it came from a popular one like Elon Musk or Justin Sun A.K.A. Shitcoin Owner, it doesn't matter if you are knowledgeable enough which are scam and which are not.

Quite unfortunate that there are still newbie investors who fell into this trap. Lucky that Coinbase prevented these investors to send Bitcoin to the address.

Mostly newbies are the victim of these fraud from bitcoin giveaways. You know mostly attracted for easy money just like a Ponzi scheme. They like a return of profit in an easy way, the most that we can do is to avoid this kind of fraud. Never trust easily that's what we can do these days.

It is obvious that in the world of consumption and private property, people who have earned their fortune by their labor would prefer to finance some kind of start-up, rather than simply handing out money on the "Internet streets".
It doesn't make any sense.

They would rather spend money on charity than handing out money to those who already have it. After all, in order to receive, you first need to send.

OP forgot to mention "Satoshi/CryptoWhales"  ;D ;D . Just kidding, it's all about greed because all those hackers not only social engineering to hack any channel/account, they also do that with the users of that platform. As a result, all those users get trapped into their plans who eager to make money without doing anythings. So, it's better for all to control our greed than start thinking about that with logics, IMO.

Newbie or not, common sense is the first thing you have to help you out and detect a pretty obvious scam.. Considering the usually low amount of people actually giving these addresses BTC, I would rather think the victims are mostly older people who think anything that exists on the internet is real and legit.

Most likely people get excited when they see those celebrities tweet about BTC and often took the bait of the scammers. The tweet leads to the loss of money of the others where they thought the tweet of the known people was true and legit. This is why we should think about it first before making any moves regarding that kind of post because no matter who's gonna say it, it doesn't make any sense when a person told you to double your money without even doing anything to him in return. This hacking incident may serve as a lesson to be vigilant next time we see this kind of post.

You haven't really provided ways to protect yourself against Fraudulent Bitcoin giveaways as your title suggests, but you're right in the sense that if it sounds too good to be true, it likely is.  The same goes for any cryptocurrency for that matter.  If I project is doing an air drop even, that just means it has little leg to stand on otherwise they wouldn't be giving away free coins.

well, the user just gave an idea to the possibilities of this hacker that might use social media to scamming. OP has mention regarding on the accounts of celebrities that could be use for scamming. Yes there is a big possibility that this will going to happen but I think since news is fast I think many are already aware of it that these social media accounts of celebrities can no longer be use in scamming.

Scams are clicking because there are clickers, if all people will be as aware as a knowledgeable person then scams won't work anymore, even how hard the scammers will try. The main reason why online scams are still working is because of people who sees an opportunity in it without prior knowledge to it because they are blinded with the money as promised. Perfect example is the incident that happened in twitter, though it is an obvious scam a lot of people did fall for that one.

Personally after learning in a while, I already quit hoping for an easy money online, I quit engaging with it even the airdrops.

Just having basic common sense and stepping away from the situation to see the whole picture will help a lot.

Take some time and observe. Think.

People just need to think a little more about what they're doing.

Just like what happen recently?when the prominent people/celebrity's account are hacked and use for solicitation here in crypto world?lucky that they only gather small amount of crypto from the victim  who willingly help the politics.
That is the problem like what happened last week,the twitter supposedly secured and no one knows that this is hackable right?
i think that  twitter had already create a wall against hackers to prevent this same situation from happening again.

Not being greedy is the way to go, only greedy people would have sent the bitcoins to those addresses that the scammers gave on Twitter to send bitcoins to. The thing is, if they would have waited then the giveaway would have been over, in fact they should have calculated the time required for getting the transaction confirmed on the network, in most of the cases the transaction is taken up after 2 or 3 blocks even with priority fees. So how could have they sent the bitcoins in the next 30 minutes, I also saw the tweet as I have kept the notifications on for tweets from Binance and Elon Musk, I thought this through and this actually saved my bitcoins from falling into the hands of those scammers.

Thanks for this write up. Many people got into the mess because of the giveaway that is common place nowadays. The hackers did a good job by hacking into the accounts of notable personality and senoir citizens of the world and incidentally those account were the personality verified twitter accounts. Greed on the part of the victims could not be over emphasised

Just don't be greedy. Remember one thing, "Nothing is free in this world"

This is the best way to protect yourself from Fraudulent giveway.

In this pandemic, people are getting blinded when they say they will be giving money. Yesterday my cousin was scammed for winning a raffle sending the scammer &18-$19. I told her it was a scam but she is not listening.

Anyway I've been thinking that this is a hacking incident, right? Also a fraud but can we still say this is a scam too? When I told my co teacher he immediately say scam so I was really confused now if this is a hack/fraud incident or a hack/scam incident, maybe hack/fraud/scam incident? Anyone?

Whenever something is given free, we need to know on what basis its been given. For example something is given as a compliment on some purchase it doesn't mean it is free. Indirectly we'll paying for it. Here the consumers are happy about the compliment while the seller is happy with added revenue. With bitcoin giveaway same is happening, the scammers just to make people happy term it a giveaway and the common users fall for it. Finally only the scammer feels happy. :D

Too good to be true. Unfortunately, many people are tempted by this bait, moreover, we are all in a difficult situation, so when there is a tantalizing offer it will be immediately taken without thinking of the risks.
I found a lot of invitations to invest with the lure of thousands of dollars in a wallet, it is suspicious, even if there are people who can get it the easy way, surely he will not be as easy as that revealing his secrets and inviting others to follow the trail, it's a trap. As you explained, we must analyze the background of the reward, check on the official account of the project or company listed (if any). And the most important thing is not to trust anything easily, especially if the investment offer or airdrop requires you to send some funds, it's a scam.

Everything in this world has a price, don't believe in free money. Because there is no such thing, even though there is a percentage
approaching to zero. So stop dreaming of getting free money or instant money, working hard to get money is a reality that we have to do.
Educate yourself so you can think rationally, and never be interested in rewards to be good to true. Classic advice but proven effective.

My cousin was scammed yesterday, and I realized something.

They are not greedy. With the pandemic happening, people are actually having a hard time earning money since they are just in their houses for quarantine. A lot of people are giving their own ways to help and there are those people that really needed it. I know most of us will not fall for this, but not all of us are greedy, there are those that really needed it.

1. If you are feeling desperation then do not take the giveaway because you are clearly not thinking right, scammers in this time feed on people being desperate to earn extra.

2. Always remember that no person in their right mind would give away their bitcoin, remember that bitcoin is circulating and they can't be made out of thin air(metaphorically).

3. Check the comment section if there is any because it will give you some clue, if there aren't any then you have a red flag, if most of the comments that you see is always a positive, have doubts because they might be bots.

4. Don't think with your heart when it comes to finances, think with rationality, there is a reason that the brain is higher than the heart, emotions can cloud judgement so when you ever stumble across this give away scams, do not be joyful, investigate the premises and have common sense.

Don't look for free money there is no such thing exists here, all we need to do is just have to earn our own money and it is possible of many ways that is how those people got rich not by participating on any giveaways.Be smart enough to smell the scams in the twitter hack its very easier though but still millions of dollars were send to that address and now everything gone.

Remember what they say, there is no such thing as free lunch. I think that people are often very naive and not aware they can easy become a scam victims.
To my opinion the key for that is education and awarness, everyone needs to learn how to protect himself online because that has because our new reality
I don't fall for any offers, don't click on links in emails sent from unknown persons and don't believe that someone will give me something for nothing.

Exactly, there's no need to force ourselves to be in crypto if we can't even understand the basic.

Knowledge is very important, like people say, invest when you understand what you are investing, so with that, we can assure there's a risk and we can only minimize that risk if we have the knowledge. Well, hopefully they will learn from their mistakes as this market won't grow if the scammers will continue to penetrate and successful on what they are doing.

That’s right nothing is free but most of the people easy to get of this amid giveaways spreading. The way that we could protect ourselves is never join if we don't understand about crypto. It is very true what others said to learn about crypto so we could understand and can avoid these frauds.

Free money is actually a thing in the airdrops where you can make a fortune, only you have to participate and do some minute tasks, a couple years back airdrop hunting used to be pretty decent job just like what bounty hunters used to do. But now participants have increased and the amount of the rewards is decreased, so it isn't worth it any more. But talking about bitcoin giveaways, they aren't real no more, even the faucets are giving pretty less amount of bitcoins in a single turn so how can you expect someone so generous on the internet to send you free money you just have to send them only your bitcoin address!! Doesn't feel right, right??

The Twitter case was a bold attack by these ill-intentioned hackers. They discovered a vulnerability and agreed to execute their plan. This is an apprenticeship for the community to be able to recognize that something is wrong and to report abuse.

We also need to improve our security as netizens. It is a priority for developers to build more robust and secure applications on the internet.

Not all but there are free money also that we can receive. Charity is giving free money, programs of the government and contests in social media. In fact, it is the trend nowadays, vloggers are givingaway fiat to their viewers who can guess their game. However, it is really different in crypto space why? Because in this industry, 80% of strangers are scammers. We should not easily encourage by their sweet words. If we want to avoid frauds and scamming, we should not engage in rich quick scheme and having a research in a project is our edges in scammers.

Yep you’re right about that, no one is ready to give you free money, I just don’t know why people are falling for these type of scams. Is it that they don’t know that people like Bill Gates no matter how rich they are, they cannot just wake up in a day and come online and start giving out free money, that doesn’t happen. And the worst part of it all is that people were dumb enough to the extent that they were all told to send money to those addresses to be doubled and they agreed to send money :(. It’s time for everyone to wise up and stop falling these well-planned scams.

The reason why I am calling it a well planned scam is, scammer were making use of 3 things: covid19-High level people's twitter account-bitcoin. If they missed any one of above three, then thy may not be able to achieve what they have planned initially. Victims might have believed that due to pandemic, big people are sharing their wealth and for knowing our addy and how desperate they need money, they might have assumed about that "doubling" part.

I think the thing you need to protect yourself from bitcoin or any other online fraudulent is the "Common Sense". You know that money is a valuable thing. No body will give you free money, not even the richest person of the world. If you don't have the common sense of understand this easy matter than I'm sorry you will be scammed again and again. I also suggest you to share with your friends about this awareness so they also not get scammed. And don't share any private information with anyone and don't click any unknown link come through email or dm.

Nowadays fraud by giving double bitcoin when you send some bitcoin is happening more and more. starting from live streaming on YouTube, advertisements that are scattered everywhere by giving unreasonable giveaway and others. Twitter became the latest news about official accounts that were hacked and posted a double bitcoin award. For ordinary people they will believe because those who make the status are influential people with a blue check, of course many will send bitcoin at the address given. Hackers who hack on Twitter get a lot of BTC from what they do. This is the latest event that made many people fooled. There is no free bitcoin, there is no free money, although the official posting is that you need to be aware.

Probably you just need knowledge and experience in bitcoin, cryptocurrency, and investment.

When you already have this thing it will lower your chances of getting scam and probably you will never get scam again. Your right no one is going to give you free money there are probably things that you need to do in order to earn a profit, so if something is sketchy about an investment like this giveaway it was probably a trap and don't fall to it.

There are a lot of investors who thinks that money is easy to earn especially cryptocurrency because there are a lot of giveaways that are circulating in the internet. They just don't know that those are fake and that will just cost them to lose some amount of their bitcoin. Just like in Youtube, most of the people are being fooled by the scammers because they are using famous platforms where people always spend their time with. Also newbies are the one who are most prone in the bitcoin fake giveaways because they think that it is real when they see huge amounts of money from a so-called true organizers.

Yes, there were lots of examples like these ones in 2017-2018, when there were so many airdrops, and ICOs, and in those amount of enormous offers the bounty hunters might be lost and only logic and common sense prevented lots of people from frauds of such kind. Very often such celebrities' accounts even are not hacked, but they just differ on one letter or symbol from the original account. I met some weeks ago 4 accounts of TrustWallet in Twitter like that, they were fake and gave some tokens via airdrop. The most important is to be very attentive and think twice before acting.

Precisely. People are silly to think that some famous person that has never spoken about bitcoin before all of a sudden wants to give away large amounts of it. I am not sure what sort of person does this.
I get what you saying and you mostly right but some people do give away free money. Go on youtube and look up "Mr beast" Though it could be argued these people earned and deserve the gift he gives so I guess in a way you are right but it is not like he had to give them anything at all.

The primary thing individuals ought to realize is there are no free cash. I would suggest you wish to contribute one way or other to pick up a few. Airdrops are a way to extend the social nearness and promote around the venture but never anticipate anybody to send you a few cash without a reason. There were a few shrewd contracts that started coin dispersion after receiving a few coins but no legit framework would inquire you anything or any fee to urge an airdrop.

Regarding the problem of fake Bitcoin giveaway which is currently happening more and more, actually we have to educate ourselves by learning
from the many fraud incidents related to giveaway. Because what we have to realize is that there is no free money, even in some countries drinking
mineral water has to pay. So we should be aware if there is a giveaway offer, especially from social media accounts that the person is not
a Bitcoin supporter, most likely it is scam. There is the conclusion, don't be greedy and easily attracted by offers that are to be good to be true.

Before sending your money learn to check if it is true by doing some research.
I once has been a victim of my own greed I also sent my money before doing some background check and when I search about it,
It turns out to be a scam the lesson is if I didn't get blinded by my greed and check about it first I could have avoided it.

If you will go to youtube right now and search about bitcoin you'll get plenty of ads which is showing bitcoin 5000 giveaway by twin vinkleboss or other crypto celebrity in order to safe yourself from these type of ads is not to believe in this and not to send your bitcoin or any other kind of cryptocurrency to any address or anyone

True, there is no such thing as "free cash". But yet people don't understand this. Even airdrops aren't free. They require you to do some tasks in order to be able to receive those coins like share their project or have a wallet which at one point had certain amount of coins and so on. There are even airdrops or giveaways that requires you to "verify" your identity before you can receive those coins. Hence you are giving them your data in exchange of few cents! Who know what they are about to do with your ID or infromation.

We’re not ignorant of the devices of scammers so it’s always advised that bitcoin enthusiasts don’t be greedy or jump into any Cryptocurrency offer you see online because hackers have a way of penetrating into your privacy once you show interest in their schemes. Not all application should be allowed into your device because they have ways of using other application to access your device and do away with your wallet.

Adjuctly the most significant point! Nobody is going to offering you free bitcoin when it in much demand & on fire of its current growth.Those you mentioned, are very common technic that used to taking our fund.bitcointalk forum users may know those facts cause such critical issue is often discussed here but new comers don't know much and become fall in trapped by hackers.so ingore such kind of fake giveaway cause money is valueable

Suppose you want to avoid every fake or fraudulent bitcoin giveaway. In that case, you should avoid following every social media accounts that always post giveaways that are too good to be true and avoid opening emails and private messages that are obviously giving you fraudulent details about the crypto space because if you get deceived by these scammers, they will steal all of your essential information and funds.

the crypto give away scam isnt about getting rich because they only say they will double what your going to send on the address so you as a poor you dont have millions to double it but for the original rich people i dont think they will fall on this trick ,

 they already rich and why will they need this and they became rich with hard work and probably face alot of like this and scams before they achieve what they have now but even this is just a money doubler , this thing still dont need to be trusted  .

Simple logic and analysation never believe into such offering that will give you free Bitcoin for there is no way such thing can be believable. Imagine that Bitcoin price is really that big as for now, it will be a crazy thing to just depend and wait for blessings coming from give aways that will give you hope to gain and earn Bitcoin through it. You will be just wasting your time hoping with that way and idea and basically those not knowledgeable or let us say ignorant individuals can fall for that scam scheme. Just do your own way of how you can be able to earn real Bitcoin with hard work instead of believing into such obvious scams or fraudulent activities.

The world is at the very beginning days of technology into the financial system. So, people aren't much aware of the technology, quite often when something big happens with bitcoin people used to get some information associated with bitcoin. This is how people learn about bitcoin, by the time when one is  new to the network people easily get caught on traps. This is mostly due to the misunderstanding about market that it will make you rich easily. So, from the very beginning itself we need to be more cautious.

I think you must not participate in any bitcoin giving only if the compaign is lunched from a famous exchange and the most important think is to not participate in the giving if the giver ask you to send any amount of money

Unless it's Mr. Beast (well actually he was also involved in the scam so nevermind)

I also almost sent my funds to a scammer, I saw an advertisement on YouTube from a verified account and almost believed, that is, at first I believed. It was just that there was no money at this point, but then when they appeared, I looked again and decided to double-check and yes it really was a scam.

People should know that, no one is going to sent them free bitcoin even when bitcoin is so much costly.even thats doubtful too cause thus sender wouldn't get any benefit.people shouldn't believe any celebrity who start bitcoin givd away all on a sudden.i also did same mistakes & lost my assests but now i know what is true and false.people also need to verify instead of instant sending their fund

don't be easily tempted by free money or anything else especially the bid is through social media, there is no such thing as free money in this world, there are rampant scams under the guise of free bitcoin on behalf of big people who are successful in the crypto world, so be smart to distinguish between scams and not.  because right now it is very difficult to tell the difference but when you are in doubt ask someone who understands this better.

try not to follow him. If anyone wants to do a giveaway very much with "bitcoin" it looks impossible. different if it's an exchange company. They definitely want something more. After you win he will ask for administrative expenses and then run away without bringing a prize for you.

actually distinguishing fake bitcoin giveaway scams is not difficult and in fact very easy.
which becomes difficult and invisible because those who believe in the scammer giveaway only want Bitcoin in a very fast way and in large quantities. lack of thoroughness and vigilance will cost us money.
This forum has even explained repeatedly about the dangers of fake giveaway, but if they still don't understand it then those who are deceived deserve to experience it as a lesson so that it doesn't happen again.

I think most of newbies and greedy person can be victim for it.First of all remember that "there is no free lunch".Before investing or participating must focus on that:

1. If any project or person offering high amount to give free or demanding little services it mean there is something wrong and avoid it.
2.Visit their social network channels and support services you will realize fake or real.
3.Demanding some amount in case of transfering giveaway it mean there is scam so dont waste your time and avoid it.
4.If demanding you to open link and make account,dont do it because it can be phising link and you may lost your coins.

Beside all still legit project there so just follow the real projects and trustworthy bountymanagers to save your time and money.

There are many people who have been scammed this last year with the livestreams that they made on YouTube with hacked channels, but really if you think about it, nobody is going to multiply x2 the btc that you send to the wallet that they indicate.

Hacked twitter as well, actually the perpetrator is already sentenced for imprisonment.

https://www.theverge.com/2021/3/16/22334421/twitter-hacker-bitcoin-plea-deal-agreement-graham-ivan-clark-three-years

Our only tool be safe is being knowledgeable, the basic knowledge in investing must be posses and it does not require an expert to detect an obvious scam.

It is very true that you shouldn't believe anyone who claims that he/she will double your crypto etc. . Why would anyone want to offer such thing in the end? We have really seen that how stupid were the hackers also that they wanted such thing from people directly. But still there were people who were stupid enough to believe this obvious fraud attempt.  ;D

Well anything out of the ordinary is most likely impossible or is a fraud. No one in this current situation, and most especially this pandemic is giving out free Bitcoin. I mean even if I have loads of Bitcoin, I still wouldn’t give it out just like that. And the only way you protect yourself is never get too hyped if someone sends you a message for whatever social platforms you have that says free bitcoin.

It's pretty obvious that these twitter giveaways are scams so I don't know why some people still fall for it. Even if it's from a famous personality, if it requires you to send a specific amount first or ask for the private keys of your wallet then it is guaranteed to be fake. Those giveaways have a ridiculous amount to give so it is really too good to be true to fall for it. Legit giveaways are not that big and if it is, it's divided to many people.

when seeing things like bitcoin or other altcoin giving, ask your friends about this or people in your cryptocurrencies about this, then decide whether you'll join this.
be cautious when links ask your account address, esp, password. but I think the most important thing is to believe that there's no free meals in the world, everyone is interest-oriented.

Yes that topic was just brought up just recently.
It's a lesson for Twitter to fix the vulnerabilities in their site.
Knowing that a simple social engineering would do this big, then I would just close all my accounts there whenever I have the power to.

Those are celebrities were talking about, what more for some ordinary person that just tends to use his/her computer casually?

It is really shocking to see these kind of people who believes in such frauds very easily. It is a very poor tactic that you think of making people believe you by verified accounts. You just directly want their crypto from people to double it etc. and you are proving it clearly that it is fake. I really don't understand how foolish you should be to believe such thing.

You won't fall for it only if you know that it is a scam because most people that are desperate and are newbie when it comes to earning money online so whenever there is someone who presents them the idea of doubling their money, they don't hesitate or doubt because they don't know that it is a scam.

the saying goes: 'greed brings harm'...
to be honest, maybe if I didn't know from the old discussion about Bitcoin giveaway scams on the internet then I would definitely fall into the trap of giveaway scammers. YouTube, Twitter, and several social media are where they carry out their actions. do not be easy to believe because getting something without hard work really does not exist.

If you see any program, site or person giving you X amount of money on your investments in very short time and without asking you to do any work, then for sure that is a scam. No one on earth gives you free money on investments. Also note that the returns on staking etc are only between 1-20 percent and not 2x-3x.

Again there is no event or people today will give free money instead they are just scamming other people by the scheme of depositing those address to join the event are you really sure that a channel or an event gives 500 BTC to just the people who make a deposit to their address just only 10 dollars? I don't think so this is good to be true. It's better to report those immediately to avoid increasing the number of victims with these scams. Help the community to spread out the fake news about this to prevent getting scam.

It's a Bitcoin giveaway then why should they ask you to send money to their BTC address? that's absurd. Scammers kept on doing the same thing simply because there are people who still believe and fall into it which is why reporting/taking down such fraudulent bitcoin giveaways is the best solution for everyone. Remember this, there's no such thing as free bitcoin so always be logical and doubt everything you see on the internet.