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Crypto Scammers Switch to Telegram: A New Wave of Threats

Crypto criminals are using Telegram to launch sophisticated malware attacks, leading to a 2,000% increase in such scams. Using bogus groups and bots, they get illegal access to victims’ devices, compromising important information.

Crypto criminals are targeting Telegram users with malware scams, which have surged by 2,000% in just two months. These attacks, which surpass typical phishing approaches, use bogus groups and bots to trick victims into compromising their devices.

Unlike typical phishing, which involves tricking users into linking wallets to fraudulent websites, these Telegram frauds use more complex techniques. Scammers trick people into joining phony trade, airdrop, or alpha groups, frequently claiming to offer exclusive chances. Once consumers engage, malicious bots transmit malware masquerading as verification tools.

This malware can infect devices, allowing attackers to steal passwords, monitor clipboard activities, extract wallet information, and even view browser history. Attackers frequently use fake bots like “OfficialSafeguardRobot” and “SafeguardsAuthenticationBot” to carry out these attacks, impersonating official verification processes with minor name modifications to confuse victims.

The change to malware is in response to increased consumer knowledge of phishing scams. While phishing losses remain high, these new approaches provide attackers greater access to victims’ devices, allowing them to hack several wallets and steal critical information.

We advise users to be vigilant in combating these dangers. Avoid using unknown commands, installing unverified software, or communicating with dubious groups. Legitimate cryptocurrency projects will never ask consumers to run codes or download verification tools in order to use their services.

Malicious actors’ techniques grow alongside the cryptocurrency market. Staying educated and exercising caution are critical for protecting investments and personal information.

author avatar
Sagar Saini
A dedicated freelance blogger with a strong passion for finance and business, With a keen interest in the world of cryptocurrency.
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