Cybercriminals are exploiting user trust in a new type of social engineering attack—tricking individuals into unknowingly installing malware on their own devices. These “scam-yourself attacks” have surged by an alarming 614% in recent months, posing a significant threat to everyday internet users. How Scam-Yourself Attacks Work Imagine searching for a YouTube tutorial to fix a […]
Pig butchering scams are investment frauds where scammers create fake online identities. Scammers build trust, “fattening up” victims before stealing their money. These scams often have overseas origins, involve cryptocurrency “investments,” and use fake online personas. The issue is global, with billions of dollars lost worldwide. How Pig Butchering Scams Work Pig butchering scams follow […]
According to the latest Immunefi report, crypto losses from hacks and scams reached $1.49 billion in 2024, marking a 17% decrease from the previous year’s $1.8 billion. This improvement suggests that security measures are becoming more effective, though significant challenges remain in protecting digital assets. Two Major Incidents Define 2024’s Crypto Losses The year’s biggest […]
A massive cryptocurrency scam operation called CryptoCore has stolen over $5.4 million from victims in just six months through an elaborate scheme combining fake celebrity videos, hacked YouTube accounts, and fraudulent websites. The scammers target people interested in cryptocurrencies like Bitcoin and Ethereum by promising to double their investment through fake giveaway events. How the […]
As the digital currency landscape evolves, so do the tactics of cybercriminals. Recent data from Chainalysis reveals significant shifts in crypto crime patterns for 2024. Disturbingly, Chainalysis reports that networks distributing child sexual abuse material (CSAM) are showing signs of growth, particularly those based in China. These illicit operations now account for a larger share […]
Security outfit ‘Dilation Effect’ has issued a crucial safety advisory to cryptocurrency investors in light of increasing concerns over scams. Dilation Effect, a blockchain security startup, has issued a crypto scam warning, recommending weekly phone shutdowns to prevent potential scams. They also advise investors to restart their phones weekly, aiming to thwart malicious activities. Mitigating […]
Introduction The decentralized finance (DeFi) space, heralded for its financial growth opportunities, is not without risks. Malicious actors exploit various vulnerabilities, demanding a vigilant approach from users. Below is a list of 28 must-know exploits to fortify your defense against potential threats. Reentrancy Attacks Originating from the 2016 DAO incident, malicious contracts repetitively call back […]
Introduction to Crypto Airdrop Scams Crypto airdrops, a popular marketing tactic used by crypto and DeFi platforms, offer users a chance to receive free tokens and help promote new projects. However, this attractive prospect also lures cyber criminals who exploit the concept to scam unsuspecting victims. Recognizing and avoiding these scams is crucial to safeguarding […]
The cryptocurrency industry has experienced a year of recovery in 2023, bouncing back from the turbulence of 2022. As of June 30, prices of digital assets like Bitcoin have surged over 80%, offering renewed hope to investors and enthusiasts. Meanwhile, the latest mid-year report by Chainalysis, a leading blockchain analysis company, reveals a significant decrease […]
