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Kaspersky Lab warns of cryptocurrency scammers on Discord platform

According to Kaspersky Lab, cryptocurrency scammers are luring users to fake cryptocurrency exchanges through Discord channels and trying to collect a database for sale on the darknet.

According to an article in the blog of the cybersecurity company Kaspersky Lab, cryptocurrency scammers have targeted users of the popular chat platform Discord, offering them free BTC or ETH on a fake cryptocurrency exchange.

Fraudsters are sending messages to Crypto Discord Servers users on behalf of a new exchange that distributes cryptoassets for free to the “lucky few”. Potential victims are encouraged to register on the exchange by providing their personal data and either make a small deposit in cryptocurrency or go through a process reminiscent of KYC.

When victims try to claim free cryptocurrency, they are asked to fund their account with a specific amount, such as 0.02 BTC, or the equivalent in ETH or USD. Then, a free cryptocurrency is supposedly credited to the user’s account, but it cannot be withdrawn from the platform, as well as the deposit made before.

According to Kaspersky Lab analysts, the constantly changing name of the exchange (one of the names is withEREUM) looks quite convincing and misleads users well due to the tools typical of real exchanges, for example, two-factor authentication.

According to the report, in addition to stealing users’ cryptocurrencies, fraudsters can collect a database of cryptoasset owners in order to “sell it for a good price on the darknet.”

Recall that at the end of last year, cybersecurity experts at Kaspersky Lab predicted an increase in the number of cryptocurrency crimes in 2021 due to the COVID-19 pandemic that harmed national economies.

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