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Federal Bureau of Investigation (FBI) recently detected three fake cryptocurrency apps that stole over $42 million from 244 victims between October 2021 and May 2022. The Bureau issued a public warning against malicious cryptographic applications; warning users of the style of infiltration these cybercriminals are utilizing.
According to the Bureau, the applications are utilizing the names and logos of respectable US firms to draw funding. The FBI advises all persons suspected of exposure to such fraud to contact the Federal Bureau of Investigation through their local FBI field office.
The first attackers took the identification of a respectable Australian exchange, Supayos, and was active November 1st to 26th of 2021. The attacker behind the app persuaded victims to download and create a number of deposit into Supayos account. They informed one of many victims that he had enrolled in a program that required $900,000. When the victim asked that his account be closed, he was advised to deposit the required amount in order to avoid his assets getting frozen.
YiBit was the second fake app that confiscated about $ 5.5 million from 4 victims. YiBit was a respectable exchange platform that shut down in 2018. The attackers used YiBit identity and wasactive from October 4, 2021 to May 13, 2022. After persuading 17 traders to deposit their funds, they requested they pay taxes before withdrawing the funds. 4 people were unable to withdraw their funds from the app.
The FBI did not reveal the identity of the third fraudulent app. The attackers imitated respectable US firms and functioned from December 22, 2021 to May 7, 2022. At least 28 victims were scammed for about $ 3.7 million. This attack was similar in style to the YiBit attackers, all 28 victims had been instructed to pay taxes before withdrawing funds. Thirteen of the victims actually paid the taxes required but were still unable to withdraw their funds.
