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In the realm of cryptocurrency-related cyber threats, malicious actors appear to have diminished their reliance on conventional financial dangers such as banking malware for PCs and mobile devices, opting instead to concentrate on phishing tactics.
Kaspersky, a Russian cybersecurity and antivirus firm, disclosed that cryptocurrency phishing incidents experienced a 40% increase year-over-year in 2022. The organization identified 5,040,520 crypto phishing attempts during the year, compared to 3,596,437 in 2021.
A standard phishing scheme typically involves contacting investors through counterfeit websites and communication methods that imitate legitimate companies. Users are then encouraged to disclose personal details like private keys, which ultimately grants attackers unauthorized access to cryptocurrency wallets and assets.
Although Kaspersky was unable to forecast whether this trend would escalate in 2023, phishing attacks have maintained their momentum into the current year. Most recently, in March, Trezor, a hardware cryptocurrency wallet provider, issued a caution regarding efforts to deceive users into revealing their recovery phrase on a fraudulent Trezor site.
In a survey carried out by Kaspersky in 2022, one in seven participants acknowledged being impacted by cryptocurrency phishing. While phishing schemes primarily consist of giveaway scams or counterfeit wallet phishing sites, attackers continue to adapt their methods.
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Kaspersky noted that “crypto still remains a symbol of getting rich quick with minimal effort,” which entices scammers to refine their techniques and narratives to attract unsuspecting cryptocurrency investors.
Related: 5 sneaky tricks crypto phishing scammers used last year: SlowMist
Recently, Arbitrum investors were targeted by a phishing link disseminated through its official Discord server. A hacker reportedly compromised the Discord account of one of Arbitrum’s developers, which was subsequently used to distribute a fraudulent announcement containing a phishing link.
#CertiKSkynetAlert
We are seeing reports that a phishing link has been posted in the @arbitrum Discord Server.
Do not click on any links until the team has confirmed they’ve regained control of the server.#Phishing #Discord
Stay vigilant! pic.twitter.com/XoqHmOXGeV— CertiK Alert (@CertiKAlert) March 25, 2023
Cointelegraph accessed the phishing link and discovered that it redirects users to a blank webpage featuring the text “Astaghfirullah,” which translates to “I seek forgiveness in God.” According to Wiktionary, this phrase can also convey disbelief or disapproval.
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