A post on Twitter regarding a branch of Yum! Brands Inc.’s (NYSE:YUM) subsidiary KFC accepting payments in Dogecoin (CRYPTO: DOGE) has turned out to be fake.
What Happened: Mishaboar, a prominent name in the Dogecoin community, took to Twitter to say the account that tweeted the news about a KFC branch in Utah accepting Dogecoin was fake and the “scammers” have changed their Twitter handle.
The scammers just changed their twitter handle from @KFC_Utah to @crypt_boiiii. Report them. They will keep changing handle…https://t.co/dvYXRsARhP
— Mishaboar (@mishaboar) February 23, 2022
However, the Twitter handle that posted the news apologized for a “joke taken too far” and denied it was a scam.
Apologies for a joke taken too far. Didn’t mean for it to go viral like that #dogecoin guess the #sauces were wrong
— crypto boi (@crypt_boiiii) February 23, 2022
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: The latest incident throws the spotlight on rising cryptocurrency scam activity on Twitter’s social media platform.
Cryptocurrency scams — particularly by impersonators of Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin and other notable figures — have been widespread in recent years on Twitter.
The scammers typically ask Twitter users to send cryptocurrencies like Dogecoin, Ethereum or Bitcoin (CRYPTO: BTC) to specific wallet addresses, promising to multiply the cryptocurrency that investors…
