Cryptocurrency scams News

Scammers copied prominent crypto wallets and platforms, such as Phantom and MetaMask, according to Check Point Research. According to CPR, this resulted in the theft of more than $500,000 in cryptocurrency over the weekend. CPR detected 11 hacked wallets containing amounts ranging from $1,000 to $10,000.

This scamming organisation has amassed almost $1.4 million in tokens, according to Sophos security researchers. The con entails duping a person and attempting to persuade them to install questionable apps that could compromise their data. Apps are delivered through websites that seem like bank websites.

As per the research, fraudsters have not only stolen millions of dollars through this scam, but they can also acquire access to victims' iPhones. Sophos Research uncovered "a Bitcoin wallet owned by the perpetrators containing roughly $1.4 million in cryptocurrency, allegedly collected from victims" of the CryptoRom fraud. According to Sophos, scammers can use the bogus cryptocurrency software to obtain access to victims' iPhones in addition to taking money.