LinkedIn scammers target crypto users

-

Hackers are getting crafty, and now they’re using LinkedIn to pull off their latest scams.

Cybercriminals are migrating their shady tactics to the networking site, making it even tougher for users to protect their digital assets.

Let’s connect!

Taylor Monahan, also known as Tayvano, the web3 security expert shared that these hackers are using slick social media tricks to spread malware, and once the malware is installed, victims lose control of their devices, making it easy for the criminals to swoop in and steal their crypto.

So how do these scammers operate? First, they create fake LinkedIn profiles that look totally legit. They then impersonate recruiters from popular companies, starting conversations with potential victims to build trust.

It’s like the classic “too good to be true” job offer, except this time, it’s happening on LinkedIn!

LinkedIn
X

Building trust with fake job offers

Once they’ve gained a victim’s trust, the hackers dangle enticing job opportunities in front of them. This tactic works wonders, especially for those actively looking for work, or even those just hoping to boost their income.

To make things seem more convincing, they use tools like the Willo Video interviewing platform, which many crypto firms use for real interviews.

Victims are asked to record and send their responses via Willo, but here’s the catch, because the scammers don’t actually use the platform’s video features. Instead, they come up with various technical excuses to keep the con going.

After this setup, they send a malicious link with instructions that, if followed, compromise the victim’s device. Monahan warns that once users click on these links, they hand over control of their devices without even realizing it.

It’s so over

Monahan doesn’t mince words when he says that following these hackers’ instructions is a one-way ticket to disaster. If you follow their instructions, you’re done for, he explains.

The consequences can vary depending on whether you’re using Mac, Windows, or Linux., but one thing is clear, it’s a full-on disaster!

While it’s still unclear how widespread this scam is or how much money has been lost so far, it echoes previous incidents, like when Japanese crypto firm Ginco lost around $305 million due to similar social engineering attacks.

Have you read it yet? Bitcoin-denominated ETFs from ProShares

LATEST POSTS

Nobitex exchange crawls back after the hack

Nobitex, Iran’s biggest crypto exchange, just got sucker-punched by a pro-Israel criminal hacker crew called Gonjeshke Darande. Bam! $100 million gone in a flash. Now,...

Peter Brandt drops a truth bomb and says day trading Bitcoin is a losing game

The veteran trader with decades under his belt, is shaking up the Bitcoin scene. Forget the hype about day trading and chasing those quick wins...

Chainlink’s new compliance tool could unlock $100 trillion

Alright, listen up. Chainlink just dropped something that might change the whole game for institutional investors eyeing crypto. They rolled out the Automated Compliance Engine,...

Malaysia Proposes Fast-Track Crypto Asset Listings With Tight Custody Rules

On July 1, SC Malaysia released a consultation paper proposing a rule that allows digital asset exchanges to list certain crypto assets without prior approval. To...

Most Popular

Guest posts