Kevin O’Leary’s Twitter Account Hacked, Crypto Giveaway Scam Follows

• Shark Tank star Kevin O’Leary’s Twitter account was hacked on Thursday, promoting a crypto giveaway scam.
• The tweet provided a link that instructed respondents to first send their own digital assets to verify their wallet addresses, to receive the giveaway prizes.
• Crypto giveaway scams are one of the most prevalent forms of scams in the industry and often involve hacked accounts of famous people, politicians, celebrities, and companies that are used to promote fake giveaways.

On Thursday, the Twitter account of Shark Tank star Kevin O’Leary was hacked and used to promote a crypto giveaway scam. The now-deleted tweet claimed that O’Leary was giving away 5,000 BTC and 15,000 ETH, accompanied by an image featuring the famed investor himself. The tweet provided a link that instructed recipients to first send their own digital assets to verify their wallet addresses, in order to receive the giveaway prizes.

Crypto giveaway scams are one of the most prevalent forms of scams in the industry and often involve the accounts of famous individuals, politicians, celebrities, and companies being hacked and used to promote fake giveaways. In the past, scammers have impersonated well-known figures such as Elon Musk, Michael Saylor, and CZ to promote fraudulent schemes using fake accounts. Notably, the latest scam reportedly used the same website from a previous scam which impersonated the Tesla CEO.

Once people have sent their funds, no money is sent back and the scammers make away with the funds. This has caused an immense amount of losses and damage to individuals who have been duped into believing the scam and sent their money to the scammers. As such, it is important to be extremely vigilant and cautious when dealing with cryptocurrency and engaging with any giveaway or offer that looks too good to be true. Furthermore, it is important to remember to only trust and engage with official accounts of well-known individuals and companies to ensure the security of your funds.