While more and more organizations and investors are entering the digital currency industry, fraudsters are also keeping a close eye on it. Twitter, as a popular social media platform in the crypto community, has also unfortunately become a favored playground for fraudsters.

Common impersonation scam on Twitter

1. Fake Twitter account

One of the most popular forms of fraud is the use of fake Twitter accounts. These phony accounts often use usernames that are slightly different from the authentic ones, and they deceive users by sharing false information or phony events through tweets.

Six ways to avoid Twitter impersonation scams

1. Stick to the CoinEx official channel

Please do not click on any links shared by unofficial customer support, and before trusting or using any channel claiming to represent CoinEx, please submit a ticket to contact customer support or use CoinEx's official verification tool to validate the legitimacy of that channel.

2. Check for verification

To distinguish the nature of user accounts, Twitter has introduced different checkmark colors. Gold checkmarks are reserved for business accounts. The grey checkmark is for government accounts, and the blue checkmark is for individuals. Manual authentication is required for all verifications.

Note: CoinEx's official Twitter account has a Gold checkmark.

3. Look at the following and followers

An impersonated account usually follows a large number of other accounts but has very few followers, whereas genuine accounts typically have a more balanced ratio of followers and following. Please be careful if you encounter a suspicious Twitter account.

4. Check the tweeting activity

Genuine accounts on Twitter usually have a robust history of activity, engaging with a wide range of users and topics, while fake accounts often have few or low-quality tweets.

5. Check the account creation date

Genuine accounts usually have an earlier registration date compared to fake accounts. To verify an account's credibility, you can check the account registration date in the user's profile and consider how long it has been active on the platform.

6. Ignore unsolicited communications

Disregard and ignore any unsolicited direct messages inviting you to participate in investment opportunities. Please rest assured that CoinEx official support team will NEVER send you direct messages before you contact us.