People behind Crypto Phishing Scams Are Getting CEOs to Lose Big
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Crypto isn’t just about making money but also about keeping it safe. There are various kinds of crypto scams but lately, crypto phishing scams have been causing some serious damage. These scams are targeting people with atleast $50k in funds. The high ranking people like CEOs, CFOs and software engineers are their only targets. Some of these scammers are making up to $35,000 in just a couple of days. It’s wild, and here’s how they’re pulling it off.
Scammers Know Exactly Who to Go After
It’s not random. These scammers are smart. They go after people with a lot of crypto—usually people who have $50,000 or more. They get their info from leaked databases, like the one from Unchained Capital. Once they know who they want to scam, they use things like an “auto-doxxer” to find more public information about the target. Then they send fake emails that look real. They’ll make it seem like the email is from a trusted source, like Coinbase. So when they send these links, people don’t think twice before clicking. And that’s how people get trapped in the crypto phishing scams.
How They Steal and Hide the CryptoOnce the scammer gets into your wallet, that’s it. They move the crypto to their own wallets, and it’s gone. But they don’t just let it sit there. They use tools like Tornado Cash to mix it all up. After that, they convert it to Monero, a privacy coin that’s hard to trace. Then they get a middleman to turn the crypto into cash without anyone noticing. It’s a pretty clean operation, and it’s how these scammers make money without getting caught.
Recently I was called by someone pretending to be Coinbase support, trying to steal bitcoin.
I decided to turn the tables on him and ask him about being a scammer.
Things got wild – he completely changed his personality & told me everything.
Presenting: To Catch a Scammer 