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Litecoin [LTC] Creator Charlie Lee’s Twitter account hacked? Followers panic!

Anirudh VK

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Charlie Lee's Twitter account hacked Followers panic
Source: Pixabay

Charlie Lee, the creator of Litecoin, the Vegeta to Bitcoin’s Goku duped the whole cryptoverse with one tweet. The tweet left a lot of Twitteratis’ wondering whether his Twitter account was hacked. The reason behind the whole stunt was to teach the crypto-community a valuable lesson on how easy it to be deceived.

Earlier today, Charlie Lee posted a statement on Twitter which says:

“For a limited time only, I am giving away 100 LTC. To get 1 LTC, first send me 0.01 LTC. Hurry up before I run out of coins! [attaches a link]”

When clicked on the link, it redirects to a page which says:

“No, I am not giving away coins for free. In the future, don’t get fooled by tweets from me [or anything else] saying I will send you coins only if you send me some first. If it sounds too good to be true, it is too good to be true.”

The whole intention behind this stunt was to spread awareness of the growing scams on the social media platform. In the past few months, scammers have been thriving on Twitter by hijacking or creating fake profiles which are verified resembling all the cryptocurrency influencers’ including the founders and CEOs.

The key strategy used by the scammers was to take over the commenting section of all the crypto-influencers and announce that they are giving away cryptocurrency for free in order to celebrate a special occasion. The scammers promise users that they would send the said amount once the users send some money to their wallet. By doing so, a lot of people on Twitter lost they coins and ended up getting nothing in return.

The scam took a huge leap when these hijackers got a fake account verified and changed the profile name to ‘Tron Foundation’. A large majority of the crypto-community fell for this as they believed that Tron was actually giving away cryptocurrencies.

After which, a lot of influencers including Charlie Lee and Vitalik Buterin, the founder of Ethereum have taken a step forward to avoid such incidents from taking place again. They notified Twitter and the CEO of Twitter, Jack regarding the huge scam taking place on their platform and have also asked investors to be careful. In addition, Vitalik and CZ, the CEO of Binance changed their profile names by adding ‘Not giving away ETH’ and ‘Not giving crypto away’ respectively.

But irrespective of taking such measures, scammers are still thriving on the social media platform and because of the same reason, Charlie Lee used a smart strategy to educate the cryptoverse. The strategy also left a lot of people in the cryptoverse believing that his account has been hacked and Charlie Lee had even asked some of them to open the link after which they released that they were being made a fool of by him.

Adam Davis, an investor, and a crypto-enthusiast says:

“Glad to see how many people tried warning or protecting others from getting in a scam. Well played, Charlie.”

AusJak, a Litecoin enthusiast says:

“Dont think it would be a realistic stat. Would never click on eth scams but had to see what Charlie was up too”

Jay Hodler, a Twitterati says:



“I clicked to get the come… I mean, to check the message unfortunately many fall for this scam, otherwise they would have stopped by now”

Mark Drever, a Designer says:

“Haha well played @SatoshiLite I thought you were hacked”

Adrian. another Twitterati says:

“For a second there I thought you got hacked.”





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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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