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Crypto Scam to be Investigated by British Army

It remains unclear as to who is behind the latest crypto scam involving the British Army.

 

On Sunday, the UK Ministry of Defence confirmed that the British Army’s YouTube and Twitter accounts were hacked. The hackers were using both handles for their cryptocurrency promotion scams. However, at present Ministry department has not confirmed the exact dates of the takeover, and both accounts appear to be back to normal now. 

“We are aware of a breach of the Army’s Twitter and YouTube accounts and an investigation is underway. The Army takes information security extremely seriously and is resolving the issue. Until the investigation is complete it would be inappropriate to comment further,” The Ministry of Defence Press Office said on Twitter. 

Malicious actors took control of the British Army’s Twitter page, swapping out the organization’s profile picture, bio, and cover photo to make it appear genuine like it was associated with The Possessed NFT collection, and promote crypto giveaway schemes. Meanwhile, its YouTube handle aired livestreams with clips of Elon Musk, Jack Dorsey, and Ark CEO Katie Wood discussing cryptocurrency-directed users to crypto scam websites. 

The clips feature the promotion of “double your money” Bitcoin and Ethereum scams. According to Web3 is Going Great, a similar scheme took place in May. However, it is unclear which group is behind this campaign. 

The malicious actors changed the army’s verified Twitter account name to The Possessed, a project involving a collection of 10,000 animated NFTs with a price floor of 0.58 Ethereum (approximately $1,063). 

According to the Department of Ministry, it is possible that the hack is part of a broader campaign to leverage the recent popularity of The Possessed. On Saturday, the project’s official Twitter handle notified its followers of another verified account that was also hacked to promote an NFT scam using The Possessed brand. 

“The breach of the Army’s Twitter and YouTube accounts that occurred earlier today has been resolved and an investigation is underway. The Army takes information security extremely seriously and until their investigation is complete it would be inappropriate to comment further,” the UK Ministry of Defence Press Office tweeted later.
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