Blue checks on the black market

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Scammers are stealing verified Twitter and Instagram accounts in order to resell them on the black market to other scammers who will use them to promote NFT frauds. According to investigative reporting by The Verge, sales of these stolen accounts are often transacted on Telegram, at a rough cost of $200 per verified account. “Such thefts occur regularly, with dozens losing their profiles every day, if the frequency of new listings on marketplaces for verified profiles is any evidence,” states the report. 

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