Researchers uncovered a new cryptocurrency campaign called Crypto Drainers, which lures its targeted investors to visit its fake cryptocurrency web pages. Based on reports, the phoney cryptocurrency web pages are where scammers trick unwitting investors into giving away their funds.
An investigation revealed that Crypto Drainers are malicious archives that behave like e-skimmers. These pseudo-skimmers could quickly execute transfers of cryptocurrency assets from crypto wallets.
Moreover, the researchers explained that the scam uses specially crafted Crypto Drainers phishing pages endorsed on a notorious dark web cybercriminal forum. These phishing pages intend to steal non-fungible tokens (NFTs) and utilise third-party services and apps that users in the cryptocurrency environment primarily use.
The threat actors could steal crypto assets from compromised crypto wallets once an unsuspecting investor opens the malicious web pages.
The Crypto Drainers scam has gained traction among cybercriminals, which allowed it to increase its activity across the cryptocurrency scene.
The researchers noted that the appearance of Crypto Drainers in 2022 has attracted numerous threat actors to execute their scam campaigns. Due to this popularity, the scam could surge and create more attacks this year.
A cybersecurity expert claimed that the scripts cause the popularity of this scheme it offers that are easy to launch and cheap to purchase. The scam also utilises legitimate services on crypto drainer phishing pages that increase the possibility of passing the scam litmus test.
Cryptocurrency enthusiasts have become the primary targets for cybercriminals to gain profit. According to recent research, last year became the biggest year for crypto-related attacks, which led to the loss of nearly $4 billion from crypto businesses.
Furthermore, researchers and law enforcement recorded 32 cybercriminal campaigns against cryptocurrency in October last year. The losses reached about $700 million for that month alone.
One of the main reasons for the surge of crypto-related attacks last year was the DeFi protocol’s hacking, which intensified throughout the year.
Cybercriminal acts that linger around the cryptocurrency and blockchain ecosystem have become increasingly active. Therefore, crypto users and investors should be cautious in accessing unsafe or unsecured links to avoid losing funds.
