Hackers from China are using a new form of crypto fraud. This is a so-called “phishing scam” that uses a fake Skype app, reports security company SlowMist. The hackers have already stolen at least $200,000 worth of cryptocurrencies from unsuspecting victims.
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Fake Skype apps lead to huge crypto losses
The attack was first discovered by security researchers at SlowMist, who indicate that the hackers posed as legitimate Skype users to gain the trust of potential victims.
The SlowMist team discovered that this Skype application was secretly displaying a different version Malwareor malicious software has been installed. This was first discovered when a user reported losing a large amount of crypto.
The fake Skype app is distributed through various channels including social media such as WhatsApp, Telegram and Skype itself. The aim of the fake Skype app is to trick users into entering their login details and personal details. Once the hackers gain access to this data, they can access victims’ crypto wallets and steal their crypto.
The fake Skype app looks exactly like the original app, making it difficult for users to tell the difference. This highlights the importance of caution and awareness when dealing with crypto. The hacker group’s linked wallet addresses are now on SlowMist’s blacklist.
Crypto is becoming increasingly popular among hackers
According to SlowMist, this specific fraud case is part of a larger trend of hackers targeting the crypto industry.
These cybercriminals are constantly developing new methods to trick users and gain access to their valuable digital assets. This happened to someone else recently Deepfake made by a Binance board member to scam crypto users.
This latest fake Skype app scam shows how important security awareness is in the crypto world. Users are urged to exercise particular caution and be aware of the ongoing threats from cybercriminals seeking to steal cryptocurrencies and other digital assets.