The number of impersonation accounts in crypto scams has surged to over 300 a day, according to blockchain analysts. Major accounts have been hijacked to promote fake tokens, resulting in millions of dollars in losses for victims. Blockchain firm Scam Sniffer reported an 87% increase in impersonation accounts this week compared to the November average, creating a higher risk for users. One recent case resulted in two victims losing over $3 million in crypto by interacting with malicious links and signing transactions. The compromised accounts appear to be connected to the same malicious site or application. Experts advise users to stay alert and revoke access permissions to unfamiliar sites or apps.
Weekly Analysis Of The Cryptocurrency Market: Altcoins Surpass Previous Highs As Bulls Buy Every Dip