Scammers Are Stealing Cash From People Who Are New to Crypto

Scammers Are Stealing Cash From People Who Are New to Cryptocurrency by Creating Fake Apps


(Photo : Pixabay/TheDigitalWay) Cryptocurrency scam
Security researchers have discovered a stash of more than 150 fake trading, banking, and cryptocurrency apps that are made to steal the funds of its victims.
Fake Crypto Apps
According to Sophos, the fraudulent iOS and Android apps all utilize a common server, suggesting a single cybercriminal group is responsible.
This assumption is widely supported by commonalities in the design of the applications, as well as communications with the fake customer support team.
The scammers are said to have utilized different social engineering techniques to encourage people, especially newbies, to install the fake app, even going as far as creating relationships with potential victims over dating services, according to TechRadar.

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