Sophos cybersecurity researchers have identified a bitcoin wallet filled with $1.4 million worth of tokens that was collected through scams. Crypto scammers were targeting iPhone users on popular dating apps such as Bumble and Tinder. Sophos claimed that the hackers were compromising people’s cryptocurrencies to break into them as well as cyber exposure from the personal details of their victims. The threat triggered by these scammers is named “CryptoRom” by Sophos.
“Once they have made contact with a target, the attackers suggest continuing the conversation on a messaging platform. They then try to persuade the target to establish and invest in the fake cryptocurrency Trading App,” said Jagdish Chandraiah, Senior Threat Researcher, Sophos.
According to the report, these unknown crypto-scammers are targeting people in Asia and are now Expansion of His activities in Europe as well as America.
According to Sophos, the attackers also managed to take control of the victims’ iPhone models by accessing their profiles on the fake crypto-trading app. This unverified and malicious Apps The counterfeiters were distributed on the web through websites that seemed familiar to bank sites.
“From news reports, we learned that one victim suffered a loss of $87,000 (approximately Rs 65 crore). There are additional reports of these scams in the UK, in which one victim lost $45,000 (approximately Rs 33.8 lakh) to a scammer who contacted them. Facebook, and another who lost $25,000 (approximately Rs 18.2 lakh) after being defrauded by someone contacted through Grindr,” said the Sophos report highlighting the vulnerability of crypto investors.
Researchers warn crypto investors to use verified exchanges and trading sites available only on the Apple Store to facilitate secure crypto transactions.
Earlier in April, a report good had disclosed that the total crypto crime amounted to approximately $10.52 billion (approximately Rs 79,194 crore) in 2020.
The same report also pointed out that scams and frauds plaguing the crypto-space are a major problem accounting for 67.8% of total cryptocurrency crime in 2020.
Analyst firm Chainalysis said in a recent report revealed That at least $815 million (about Rs 6,135 crore) in crypto was sent to scam projects from Eastern European countries between July 2020 and June 2021.