Pakistani Politician Imran Khan’s Instagram Account Used to Promote Crypto Giveaway Scam
Imran Khan, a former prime minister of Pakistan and current chairman of one of the largest political parties in the country, has confirmed that his Instagram account was compromised and hackers used it to promote a crypt...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Imran Khan, a former prime minister of Pakistan and current chairman of one of the largest political parties in the country, has confirmed that his Instagram account was compromised and hackers used it to promote a cryptocurrency giveaway scam.
Imran Khan’s Instagram Account Hacked, Used to Promote Crypto ScamImran Khan, a former Pakistani prime minister and current chairman of the Pakistan Tehreek-e-Insaf (PTI), one of the largest political parties in the country, reportedly confirmed that his Instagram account was hacked Monday.
He told Dawn publication that his account was soon recovered with the help of Meta, owner of Facebook and Instagram. He explained that he himself monitors the account, which has 7.4 million followers, noting that the hackers posted a cryptocurrency link and a screenshot of a tweet from Tesla CEO Elon Musk to the account.
The cryptocurrency link posted on the politician’s account leads to a crypto giveaway site featuring Musk and his company Spacex. Scammers claim to be giving away bitcoin (BTC), ether (ETH), dogecoin (DOGE), and litecoin (LTC).
Cryptocurrency giveaway scams are very common on popular social media platforms, including Youtube and Twitter. Many of them feature famous people and companies, such as Musk, Tesla, Spacex, Apple, Tim cook, Steve Wozniak, Warren Buffett, and Bill Gates. They sometimes feature executives of crypto companies, including Coinbase CEO Brian Armstrong.
In July 2020, Wozniak sued Youtube and Google for promoting bitcoin giveaway scams using his image and name. However, he subsequently lost the lawsuit. “Youtube and its parent, Google LLC, are protected by the federal law that shields internet platforms from responsibility for content posted by users,” the judge on the case ruled.
In July, the British Army‘s official Youtube and Twitter accounts were compromised and hackers similarly used them to promote their crypto giveaway scams.
In an effort to fight scams, several crypto firms, including Binance and Circle, launched a crypto scam reporting platform in May to allow “anyone in the crypto economy to warn others about scams, hacks, or other fraudulent activity as they encounter it.”
What do you think about Imran Khan’s Instagram account being used to promote a crypto giveaway scam? Let us know in the comments section below.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Forced liquidations begin in 30 days for business crypto accounts missing new verification rules on Bybit
Bybit has given some Brazilian business users until Aug. 21 to complete additional verification. Accounts that miss a requested up...
Will Mark Cuban eat his words with his newest crypto prediction?
On Saturday afternoon, Mark Cuban posted another crypto prediction, “Chips as an asset class will be the new crypto.” Within a day...
Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total
Canaan's July mining update counted 4.96 exahashes per second from paused operations in Ethiopia inside 14.24 EH/s of global opera...
What the Tether audit means for the crypto industry
In news that will shock anyone who’s been involved in the crypto industry for any significant amount of time, Tether announced las...
Ethereum’s Glamsterdam upgrade rewrites the ‘21,000 gas’ rule that wallets have used since day one
Ethereum's Glamsterdam upgrade prompts developers to adapt, ensuring sustainable network growth and altering longstanding gas fee...
MiCA's cleanup is creating a new scam wave across the European Union
Fraudsters impersonating regulators and licensed crypto exchanges to steal funds from users forced to migrate their accounts after...