Connect with us

Hi, what are you looking for?

Telegram crypto
Telegram crypto

Cryptocurrency

Scammers target cryptocurrency wallets with Telegram bots to spread malware

Scammers are increasingly employing Telegram bots to deliver crypto-stealing malware, tricking users into disclosing their private keys via bogus X accounts and Telegram groups. Scam Sniffer, a security firm, has discovered a rising trend in which scammers impersonate cryptocurrency influencers and use bogus verification bots to create a false feeling of urgency. This strategy is growing increasingly sophisticated, resulting in large losses for cryptocurrency users.

Crypto Scammers Use Telegram Bots to Steal Funds: A Growing Threat,Scammers are increasing their efforts to steal cryptocurrency via a combination of bogus X accounts, Telegram groups, and harmful bots. According to blockchain security firm Scam Sniffer, scammers are targeting cryptocurrency users by mimicking well-known influencers and persuading them into joining bogus Telegram groups.

Upon joining these communities, a bogus bot named “OfficiaISafeguardBot” requests members to authenticate their identity. The bot generates an artificial sense of urgency by decreasing verification times, encouraging users to act swiftly. In doing so, it infects customers’ systems with malware, including PowerShell scripts that steal private keys and compromise cryptocurrency wallets.

Scam Sniffer stated that this is the first documented instance of scammers employing this particular set of tactics, making it an exceptionally severe threat. While malware targeting consumers is not new, scammers’ methods are becoming more sophisticated. As the demand for scam tools develops, these criminals are transitioning into “scam-as-a-service” providers, making their harmful software available to the public.

The number of phony X accounts has also increased, with Scam Sniffer identifying 300 impersonators every day this month, up from 160 in November. These bogus accounts frequently push phishing links or fake tokens, increasing the likelihood of users clicking on hazardous links.

As scams targeting Web3 workers expand, notably with bogus meeting apps designed to steal passwords, the security community cautions that phishing assaults may increase in the run-up to the holiday season. With the increasing sophistication of these frauds, crypto users must exercise caution when connecting with unfamiliar bots or links, as well as stay up to date on the current risks in the crypto sector.

author avatar
CryptoCorn
CryptoCorn is Editor and Author at 4C Media Co. and covers all stories and news related to Crypto & Finance. Excellent blogger and Passionate Crypto Trader. Follow her on twitter at @cryptocorn7.
Advertisement

You May Also Like

Cryptocurrency

Until a new chairman is confirmed, the U.S. Securities and Exchange Commission (SEC) might hold off on laying a clear regulatory road for cryptocurrencies....

AI

OpenSea promptly cleared erroneous information that was spreading regarding a planned NFT airdrop. According to CEO Devin Finzer, a webpage including terms and conditions...

Cryptocurrency

By connecting with Layer Zero, The Open Network (TON) is improving its interoperability and allowing flawless connections to over 100 blockchain networks like Ethereum,...

Cryptocurrency

Coinbase is preparing to return to the Indian cryptocurrency market after quitting in 2023 due to regulatory hurdles. The exchange is in talks with...

polkadot
Polkadot (DOT) $ 4.85 1.33%
bitcoin
Bitcoin (BTC) $ 95,710.64 0.61%
ethereum
Ethereum (ETH) $ 2,724.80 2.07%
cardano
Cardano (ADA) $ 0.793432 1.49%
xrp
XRP (XRP) $ 2.64 3.85%
stellar
Stellar (XLM) $ 0.332148 3.64%
litecoin
Litecoin (LTC) $ 122.28 3.80%