The 2 Most Common Airdrop Phishing Attacks and How Web3 Wallet Owners Can Sta...
In the world of cryptocurrencies, decentralized finance (defi), and Web3, airdrops have become commonplace in the industry. However, while airdrops sound like free money, there’s been a growing trend of airdrop phishing scams that steal people’s money when they attempt to get the so-called ‘free’ crypto assets. The following is a look at two different ways attackers use airdrop phishing scams to steal funds and how you can protect yourself. Airdrops Don’t Always Mean ‘Free Crypto’ — Many Airdrop Giveaway Promotions Are Looking to Rob....
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Once a user identifies a phishing attempt, spreading the word online can assist in the security of everyone’s funds. Many crypto owners fall prey to common crypto theft schemes, including phishing traps. How can the average crypto user identify and avoid these attacks to prevent the potential loss of funds?Know the sourcePhishing emails are sometimes successful in their attempts to trick users into downloading programs, clicking on something they shouldn’t, or just linking them to a page where they can enter personal information like their seed phrase. In July, hardware wallet Ledger....
As the crypto community notices and calls out such scams, the fraudsters tend to turn off replies to their tweets to prevent being exposed as scammers. Cybersecurity experts identified and disclosed the rising popularity of airdrop phishing among crypto and nonfungible token (NFT) scammers.Airdrops serve as an essential marketing tool for crypto projects, which involves sending free cryptocurrency tokens or NFTs to promote awareness among investors. However, a new report released by Malwarebytes Labs highlighted an alarming rise in airdrop phishing attempts as scammers try to cash in on....
Bitcoin has fired the public imagination so intensely that even non-bitcoin users are falling for phishing scams that dangle the prospect of cryptocurrency riches in front of them, according to new research from digital security firm Proofpoint. Proofpoint found that thousands of phishing messages disguised to look like emails from a Blockchain wallet were sent to addresses with no direct link to bitcoin. This is a departure from typical bitcoin phishing attacks that target known and active cryptocurrency users, according to the security firm. The new attacks yielded a "staggeringly high"....
A majority of the phishing attacks recorded have been conducted on social media platforms that do not have account verification features. As Web3 adoption goes further and more beginners enter the space, hackers are becoming more active, with more phishing attacks being recorded in the latest quarter of 2022 and social media being noted as a major platform of choice for conducting the hacks. In the quarterly report of security firm Certik, the team has found a 170% increase in phishing attacks in the second quarter of 2022. According to the security firm, 106 attacks were recorded in the....
Although last week proved horrible for cryptocurrency owners with the market facing a crash and Binance’s outage during that difficult time, the nasty phishing attacks designed having pop-ups target metaverse users on famous crypto sites. So far, multiple sites, including Etherscan and DexTools, have reportedly confirmed the crypto scam ad and issued alerts not to […]