Since the beginning of the year, Kaspersky has detected more than 1,500 fraudulent global resources aimed at potential crypto investors or users who are interested in cryptocurrency mining. During this period, the company also prevented more than 70,000 user attempts to visit such sites[1].

The most common schemes used by cybercriminals included:

Typically, cybercriminals locate sites in popular domain zones: .com, .net, .org, .info, as well as in zones where domain acquisition is cheap: .site, .xyz, .online, .top, .club, .live. A distinctive feature of phishing and other types of cryptocurrency fraud is the high level of detail on phishing websites. For example, on fake crypto exchanges, real data, such as bitcoin rates, is often loaded from existing exchanges. Attackers understand that people who are investing or are interested in this area are often more tech-savvy than the average user. Therefore, the cyber crooks make their techniques more complex in order to get data and money from these people.

“Lately, many have become interested in cryptocurrencies, and attackers would not pass up the opportunity to use this to their advantage. At the same time, both those who want to invest or mine cryptocurrency and simply the holders of such funds can find themselves on the fraudsters’ radar. For example, one of the schemes we discovered went as follows: users received a message about the sale of an exclusive coronavirus vaccine earlier than official schedules and only for those who have bitcoins. This type of fraud was especially prevalent when the vaccines just became available. The user went to the site where the contact indicated, to which it was necessary to write to pre-order the vaccine. The target then needed to make an advance payment in bitcoins, with the money going to the cybercriminals’ account and the person receiving nothing in return,” said Alexey Marchenko, head of the Content Filtering Methods Development department at Kaspersky.

To avoid becoming a victim of cybercriminals, Kaspersky recommends that users:

Visit Kaspersky Daily to learn more about recent crypto-related scams such as a fake ICO, new tricks scammers use to make users believe their offers are real or luring Discord users to a fake cryptocurrency exchange.