How Bitcoin Phishing Scams Are Stealing Millions
Phishing comes in many forms. The main target of any cybercrime is to generate money from duplicitous actions. When a hacker targets an international business and steals their data, there is a financial incentive that pushes them to do so. As cryptocurrency becomes a more recognized financial medium, attackers are actively turning to target those with digital wallets. In 2021, crypto scammers took $14 billion. Quite simply, as Bitcoin and other cryptocurrencies become more valuable, they become a bigger target for hackers and scammers. With this in mind, those that actively buy, sell,....
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More than $12 million in suspected criminal proceeds has been frozen after a joint US, UK and Canadian crackdown targeted crypto approval phishing scams that affected more than 20,000 people, according to the UK’s National Crime Agency. The operation also identified more than $45 million in cryptocurrency fraud tied to the same network of scams. […]
Phishing scams are increasingly becoming a pain in the arse in the crypto space. Cybercriminals are stepping up their game with one objective: to drain crypto wallets of thousands — if not millions — worth of cryptocurrencies. According to various crypto news agencies on Thursday, citing a self-proclaimed crypto investigator on social media going by […]
Scams in the crypto space have recorded a meteoric rise with the bull rally and one Coinbase user has suffered a tremendous loss after falling victim to one of these scams. The user had fallen victim to the phishing scam that saw him lose millions in crypto to the scammer in a matter of minutes. […]
Prominent web3 security outfit Scam Sniffer reports that crypto investors suffered an increased number of phishing scams in August. Notably, total assets lost to these scams during the last month represent an estimated 72% increase from July, representing a concerning development for the general crypto industry. Related Reading: Fake Job Offers, Real Thefts: North Korea’s […]
The cryptocurrency hardware wallet firm Ledger was hacked last June and over a million emails were exposed, according to reports from the company at the time. Months later, the hackers who obtained the Ledger data emailed clients, sent texts to customers, and created phishing links for users to enter their seeds. One customer allegedly lost $50k and during the last week, the company has been getting inundated with complaints on social media. Last Summer’s Ledger Wallet Data Breach Leads to Phishing Scams The Ledger hackers who obtained roughly a million customer emails and possibly....