Social networks: Thousands of fake accounts in the name of Binance and Ethereum (ETH)!

Sun August 21, 2022 ▪ 9:00 p.m. ▪

min read – from

Identity theft warnings on social media are endless. Vitalik Buterin and CZ just published amazing data on this topic. Fake accounts and fake identities on Instagram and LinkedIn currently number in the thousands.

CZ and Vitalik Buterin warn against identity theft

Earlier in the week, two icons of the crypto universe followed each other on Twitter to warn about fake accounts related to their project or name.

On August 14, the Ethereum co-founder warned enthusiasts about the existence of 5,000 fake accounts in the name of Vitalik Buterin. He, who has never opened an account on Instagram, made this announcement through the Blue Bird network.

Regular reminder: All 5,000+ of my Instagram accounts are fake profiles and are not related to me. Any posts you find under the name “Vitalik Buterin” (or “Bütein” or whatever) are a scam. »

The day after this release, CZ also did a mea culpa via his official account.

LinkedIn has 7,000 “Binance employee” profiles, of which only about 50 are real. I wish LinkedIn had a feature that allowed the company to verify people. So many “Hey, I’m a list manager” scammers on LinkedIn. Be careful ! »

Basically, LinkedIn is said to host around 6,950 impersonator accounts affiliated with the Binance cryptocurrency exchange. The worst thing is that among the latter there are a large number cheater.

What are the consequences ?

First, there is the proliferation of crypto scams. An investor named Wilfred CEO also took advantage of Vitalik Buterin’s post to denounce his situation.

I’ve lost over $7,000 this way; he cheated me and said he would stop me from working on the ETH project. »

The Crypto Whale 2011 also confessed that he lost 67.5 ETH through this fraudulent practice. He really wished Buterin had advised against the ETH community long before that.

And then there’s this accusation from CZ about the lack of an identity verification feature on LinkedIn. Let’s not forget that he recently set up DappBay, a crypto project reliability monitoring device.

In response, LinkedIn has recognized this vulnerable site and has promised to take the necessary action to ban these types of accounts as soon as they are created. To say that already last year the company announced positive results in this direction. In fact, its transparency report for the July-December period mentioned the suspension of 96% of all fake accounts on the network.

But that hasn’t stopped the 6,950 fake Binance employees from popping up on LinkedIn.

Note that Elon Musk has decided to postpone the acquisition of Twitter for the same reason. For him, the American social network has about 25% spam accounts. Which the current administrators of Twitter firmly deny. Definitely the warnings Fraud that Dogecoin and others remain valid. Attention investors!

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