The rapid growth of cryptocurrency and digital assets has opened doors for scammers. They are exploiting unsuspecting users for money. Over the past year, Telegram crypto scams have become a major trend. Scammers use these scams to target people on Telegram.
Crypto scams have surged in recent months. Telegram has become a key platform for scammers to target users. The rise of Telegram crypto scams has alarmed security firms and crypto users. Scam Sniffer, a firm that tracks cyber threats, says scammers have moved from phishing to more advanced malware attacks on Telegram. This shift has worked well for scammers, with a 2,000% increase in scam activity since November 2024.
Scam Sniffer Warns of Rising Telegram Crypto Scams
Scam Sniffer, a security firm, first warned about Telegram crypto scams in December. They were concerned about more malware on the platform. Now the firm says these scams have changed a lot. Their new tactics are more successful than before.
Telegram Crypto Scams Surge by 2,000%: New Malware Threats
Scam Sniffer revealed in a January 15 post that Telegram Crypto Scams have grown exponentially, with a staggering 2,000% increase since November 2024. This trend is alarming because scammers are moving away from old phishing tricks. Instead of using fake links to steal wallet info they now spread malware through fake verification bots. These bots trick users into installing harmful software.
These bots are typically found in fake trading groups, fake airdrop groups, and other fraudulent Telegram Crypto Scam environments. When users interact with these bots, they unknowingly install malware. This lets attackers access sensitive information like passwords, wallet files, clipboard data, and private keys.
Once the malware is active, attackers can steal crypto from affected wallets. This new tactic is a big step for scammers because it lets them access more information and target users more secretly.
Fake Verification Bots Target Telegram Crypto Users
Scam Sniffer found two fake verification bots used in Telegram crypto scams. OfficiaISafeguardRobot and SafeguardsAuthenticationBot. These bots look like real security tools but are used to spread malware. They trick users into installing them allowing scammers to avoid detection and continue their attacks.
Scammers have changed their tactics as users become more aware of phishing and signature scams. With people being more cautious, scammers now use Telegram crypto scams as a simpler and more effective way to target victims.
Why Is This Working?
Telegram Crypto Scams work because they take advantage of user trust. People use Telegram for communication in crypto, making it a target for scammers. This trust lets bad actors operate freely on the platform. Users trust the platform and its bots, making it easier for attackers to trick individuals into downloading malware.
Scammers are changing their methods to keep up with better security. As users become more careful about phishing emails and fake websites, scammers are now using Telegram Crypto Scams. They take advantage of Telegram’s features to make more direct attacks.
Escalating Crypto Losses
Telegram Crypto Scams are part of a larger rise in crypto theft. In 2024, scammers stole $2.3 billion in crypto across 165 cases, a 40% increase from 2023. This shows how scammers keep adapting, using new platforms and tricks to steal more money.
Even though more money is being stolen, Scam Sniffer pointed out that malware-based attacks, like Telegram crypto scams, are harder to trace. These tactics are clearly effective, as scammers keep improving and adjusting their methods for even more success.
In conclusion, the rapid rise of Telegram crypto scams highlights an alarming shift in cybercrime tactics, with scammers exploiting user trust and Telegram’s features to distribute malware. The rise in scams, fueled by fake verification bots and advanced malware, has caused a big increase in crypto theft. The 2,000% jump in scam activity, along with higher crypto losses, shows how scammers keep improving their methods. This makes it harder to trace and stop these attacks. As the crypto world changes, the threats to users are also growing.
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