Crypto scammers are taking their activities to Discord, as users receive messages promising to award generous amounts of Bitcoin or Ethereum. According to Mikhail Sytnik at Kaspersky, scammers send private messages to users, disguising themselves as a growing cryptocurrency trading platform.
Fraudulent messages contain instructions for receiving BTC or ETH and a link that the users can follow to register on the crypto trading website, the report says. Upon opening the link, users land on a website of a firm that looks like a legitimate cryptocurrency exchange.
Registration procedures and verifications are also very similar to the ones real crypto exchanges would have. However, according to the report, the whole thing aims to scam money and personal information out of users. Users not only never receive their rewards but also lose crypto in the process.
Cryptocurrency scams have put several social platforms and cryptocurrency exchanges in the spotlight throughout 2020 and in 2021. In 2020, many scams happened on social media networks, like the massive Twitter hack or several hacks of YouTube accounts. In those, hackers scammed crypto out of unsuspecting users by offering fake giveaways from compromised accounts of individuals with a large following.
With prices of various cryptocurrencies rising, hackers continue taking advantage of the situation. For instance, three malicious crypto apps developed by scammers were talked about last month.