Kaspersky reveals how scammers use fake crypto keys to lure and exploit unsuspecting thieves attempting to steal funds.
Scammers claim to be inexperienced cryptocurrency users and post. The seed word to a filled wallet online in a scam to steal cryptocurrency from anyone attempting to raid it. According to cybersecurity specialist Mikhail Sytnik of Kaspersky. Scammers are now exploiting freshly formed accounts to publish cryptocurrency wallet seed words in YouTube comments. The researcher discovered comments in finance-related videos from. Individuals asking how to move Tether USDT$0.9984 from one crypto wallet to another, including a seed phrase.
The wallet viewed by Sytnik included around $8,000 in USDT on the Tron network as bait. To shift USDT, a thief must first send a little amount of TRON’s native token. TRX$0.2513, to the bait wallet to cover network expenses.
When a would-be thief sends TRX to the bait wallet for fees. It is instantly transmitted to a second wallet owned by the fraudsters. The bait wallet is set up as a multisignature wallet. Requiring numerous permissions for outbound transactions.
“To authorize outgoing transactions in such wallets. Approval from two or more people is required. ” Sytnik told me. “So transferring USDT to a personal wallet won’t work — even after paying the ‘commission.'”
“In this scenario, the scammers are something like digital Robin Hoods, as the scheme primarily targets other crooked individuals.”
The researcher recommended individuals not to try to access other people’s crypto wallets. Even if they were given the seed word. And to be skeptical of online strangers’ promises concerning cryptocurrency.
It’s not uncommon for cryptocurrency fraudsters to target other scammers.
In July, Kaspersky identified a complex fraud targeting greedy individuals. The scheme entailed enticing them on Telegram with links to legitimate crypto exchanges and traps disguised. As vulnerable files that might be attacked.
This lengthy scam sought to install malware on the victim’s PC in order to steal even more data and valuables.
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