Hackers stole nearly $ 10 million cryptos in 2017

Kaspersky Lab experts have uncovered a relatively new dishonest trend: the growth of cryptosports not only attracts investors, but also cybercriminals who seek to boost their profits. In the first half of 2018, Kaspersky Lab’s products blocked more than a hundred thousand activators associated with cryptosanisations in fake currency and other sources. With every attempt, criminals are trying to engage more and more unsuspecting users in illegal activities.

The phenomenon of encryption and the development of a fanatic audience by cryptosmodern owners were never to go unnoticed by cyber criminals. To achieve their harsh goals, they typically use classic phishing techniques, but they often go beyond “ordinary” scenarios. Taking inspiration from ICO (Initial Coin Offer) and the free distribution of cryptographic coins, cyber criminals have been able to benefit both from fanatic kebab owners and young people.

Some of the most popular targets are ICO investors, who are seeking to invest their money in startups in the hope of making a profit in the future. For this group of people, digital criminals create bogus websites that simulate the sites of official ICO projects or try to access their contacts so they can send phishing e-mail with the number of an e-wallet and then send the investors their encryption.

The most successful attacks use known ICO projects. For example, taking advantage of ICO Switcheo using a proposal for free coin distribution, criminals stole a $ 25,000 dollar bill after the link spread via a fake Twitter account.

Another example is the creation of phishing sites for the ICO Omase Go project, which allowed crooks to earn more than $ 1.1 million worth of cryptography. Equally great interest among criminals was the rumors surrounding the Telegram ICO, which resulted in the creation of hundreds of fake web pages that gathered “investments”.

Another sought-after trend is giveaway fraud. The method of choice includes the requirement to send victims a small amount of money in exchange for a much larger payment of the same currency in the future. Criminals have even used the social media accounts of well-known individuals such as the business tycoon Elon Musk and the founder of Telegram messenger Pavel Durov.

By creating bogus accounts or responding to legitimate users by means of bogus accounts, criminals are able to confuse Twitter users so they fall into the trap of this fraud by clicking replies from bogus accounts.