Are there any real-life cases of baiting social engineering that targeted cryptocurrency holders?

5 answers

• Nov 28, 2021 · 3 years ago
  Absolutely! There have been several reported cases of social engineering attacks specifically targeting cryptocurrency holders. One notable example is the SIM swapping attack, where hackers tricked mobile phone carriers into transferring the victim's phone number to a new SIM card they controlled. With access to the victim's phone number, the attackers were able to bypass two-factor authentication and gain control of their cryptocurrency accounts. Another example is phishing emails and websites that mimic popular cryptocurrency exchanges, tricking users into revealing their login credentials or private keys. These are just a few instances of how social engineering has been used to exploit cryptocurrency holders.
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• Nov 28, 2021 · 3 years ago
  Yes, unfortunately, there have been numerous cases of social engineering attacks aimed at cryptocurrency holders. For instance, there have been instances where scammers impersonate cryptocurrency exchange support staff and contact users via email or social media, asking for their account details or private keys under the guise of providing assistance. Additionally, some attackers have used social media platforms to pose as influential figures in the cryptocurrency community, offering investment opportunities that turn out to be scams. It's crucial for cryptocurrency holders to stay vigilant and verify the authenticity of any communication or offers they receive.
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• Nov 28, 2021 · 3 years ago
  Certainly! At BYDFi, we've observed an increase in social engineering attacks targeting cryptocurrency holders. These attacks often involve phishing attempts, where users receive emails or messages that appear to be from legitimate cryptocurrency exchanges or wallet providers. The messages typically ask users to provide their login credentials or private keys, claiming it's necessary for security purposes. It's important to note that legitimate exchanges and wallet providers will never ask for such sensitive information via email or direct message. Always double-check the authenticity of any communication before sharing your personal details.
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• Nov 28, 2021 · 3 years ago
  Yes, there have been cases where social engineering tactics were employed to target cryptocurrency holders. One example is the use of fake cryptocurrency giveaway scams on social media platforms. Scammers create accounts that mimic well-known cryptocurrency personalities or exchanges and promise to give away free cryptocurrency to anyone who sends them a small amount as a 'verification fee.' Unfortunately, many users fall for these scams and end up losing their funds. It's crucial to remember that legitimate giveaways will never ask for upfront payments or personal information.
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• Nov 28, 2021 · 3 years ago
  Definitely! Social engineering attacks targeting cryptocurrency holders have become increasingly common. One example is the use of fake mobile apps that mimic popular cryptocurrency wallets. These apps trick users into entering their login credentials or private keys, giving the attackers access to their funds. Another tactic is the creation of fake ICO (Initial Coin Offering) projects, where scammers lure investors with promises of high returns and then disappear with the funds. It's important to only download apps from official sources and thoroughly research any investment opportunities before committing your funds.
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