Tag: Cryptocurrency scams

Crypto scammers use ‘wallet drainer’ ploy on Google and X ads, rake in $59 mn in phishing scams: Report
25Dec By adminNo Comments
Technology

Crypto scammers use ‘wallet drainer’ ploy on Google and X ads, rake in $59 mn in phishing scams: Report

[ad_1] In a troubling trend spanning the past year, cybercriminals have orchestrated a series of phishing scams to pilfer millions of dollars in cryptocurrency assets via deceptive ads on major platforms, including Google and X. Uncovered by cybersecurity experts at ScamSniffer, these scammers are employing a sinister tool known as 'wallet drainers' to carry out their nefarious schemes in phishing scams. Disclosed in a recent blog post, ScamSniffer reveals that the initial detection of this wallet drainer occurred within Google search ad phishing, later making its way into a set of X phishing ads shared by ZachXBT. A recent examination of ads in X's feeds showed that nearly 60 percent of phishing ads utilised this specific drainer. We are now on WhatsApp. Click to join. Between March ...
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Meta says ChatGPT-related malware is on the rise
4May By adminNo Comments
Technology

Meta says ChatGPT-related malware is on the rise

[ad_1] Facebook owner Meta said on Wednesday it had uncovered malware purveyors leveraging public interest in ChatGPT to lure users into downloading malicious apps and browser extensions, likening the phenomenon to cryptocurrency scams.Since March, the social media giant has found around 10 malware families and more than 1,000 malicious links that were promoted as tools featuring the popular artificial intelligence-powered chatbot, it said in a report. In some cases, the malware delivered working ChatGPT functionality alongside abusive files, the company said. Speaking at a press briefing on the report, Meta Chief Information Security Officer Guy Rosen said that for bad actors, "ChatGPT is the new crypto."Rosen and other Meta executives said the company was preparing its defenses for a ...
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Chinese crypto scams targeting Filipinos to work for them: official
15Feb By adminNo Comments
Technology

Chinese crypto scams targeting Filipinos to work for them: official

[ad_1] Chinese criminals running cryptocurrency scams in Southeast Asia are targeting Filipinos to work for them because of their English-language and computer skills, a Philippine foreign ministry official said Monday. Filipinos were "prized" targets for scam networks operating in Myanmar, Laos and Cambodia, said Eduardo de Vega, acting undersecretary for migrant workers' affairs at the Department of Foreign Affairs. De Vega said efforts to repatriate Filipinos sucked into the scams were ongoing, with more than 100 brought home since last year. The latest group arrived in Manila on Monday. Four men, all in their 30s, had been trafficked into Myanmar for "less than two months", during which they were held in compounds, De Vega told AFP. The men were in Dubai when they were recr...
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Man convicted of running unlicensed bitcoin exchange biz
24Dec By adminNo Comments
Technology

Man convicted of running unlicensed bitcoin exchange biz

[ad_1] Freeman's lawyer, Mark Sisti, said Freeman actually warned people of scams and he helped businesses in the community. A New Hampshire man was convicted Thursday of running an unlicensed bitcoin exchange business and laundering over $10 million in proceeds of romance scams and other internet frauds following a two-week federal trial. Prosecutors said Ian Freeman “created a business that catered to fraudsters" by failing to register his business with the Financial Crimes Enforcement Network as required by law, disabling ‘know your customer' features on bitcoin kiosks, and ensuring bitcoin customers didn't tell him what they did with their bitcoin. Freeman's lawyer, Mark Sisti, said Freeman actually warned people of scams and he helped businesses in the community. “We are d...
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