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Cryptocurrency Scam

Are Phishing Attacks Targeting Crypto on the Rise?

Image sourced from Shutterstock. Experts at Russian cybersecurity company Kaspersky have taken a close look at the phishing pages aimed at potential crypto investors as well as the malicious files that are distributed under the names of the 20 most popular cryptocurrency wallets. Since the beginning of 2022, Kaspersky products detected and prevented almost 200,000 attempts to steal users’ digital currencies and credentials to their wallets via phishing, according to the company. The number of such attempts almost reached 50,000 in April, which is half of the indicators for the first quarter of 2022. Crypto wallets are the primary target for scamming and malicious activity. With the boom in digital currencies observed over the past five years, Kaspersky has seen various new cybercriminal ta...

This is Not a Video of Elon Musk

A still from a deepfaked video of Elon Musk where he advertises a scam cryptocurrency. Scammers are using deepfake videos of Elon Musk in an attempt to trick people into handing over cryptocurrency, BleepingComputer reports. The scammers set up a phony cryptocurrency platform called “BitVex” that purports to be owned by Musk. The crooks then used hacked YouTube accounts to spread deepfaked videos of Musk and other people associated with cryptocurrency to promote the platform. “To use the BitVex platform, users must register an account at bitvex[.]org or bitvex[.]net to access the investment platform,” BleepingComputer says. “Once you log in, the site will display a dashboard where you can deposit various cryptocurrencies, select an investment plan, or withdraw your earnings. Like almo...