Crypto Scammers Use Telegram Bots to Steal Funds: A Growing Threat,Scammers are increasing their efforts to steal cryptocurrency via a combination of bogus X accounts, Telegram groups, and harmful bots. According to blockchain security firm Scam Sniffer, scammers are targeting cryptocurrency users by mimicking well-known influencers and persuading them into joining bogus Telegram groups.
Upon joining these communities, a bogus bot named “OfficiaISafeguardBot” requests members to authenticate their identity. The bot generates an artificial sense of urgency by decreasing verification times, encouraging users to act swiftly. In doing so, it infects customers’ systems with malware, including PowerShell scripts that steal private keys and compromise cryptocurrency wallets.
Scam Sniffer stated that this is the first documented instance of scammers employing this particular set of tactics, making it an exceptionally severe threat. While malware targeting consumers is not new, scammers’ methods are becoming more sophisticated. As the demand for scam tools develops, these criminals are transitioning into “scam-as-a-service” providers, making their harmful software available to the public.
The number of phony X accounts has also increased, with Scam Sniffer identifying 300 impersonators every day this month, up from 160 in November. These bogus accounts frequently push phishing links or fake tokens, increasing the likelihood of users clicking on hazardous links.
As scams targeting Web3 workers expand, notably with bogus meeting apps designed to steal passwords, the security community cautions that phishing assaults may increase in the run-up to the holiday season. With the increasing sophistication of these frauds, crypto users must exercise caution when connecting with unfamiliar bots or links, as well as stay up to date on the current risks in the crypto sector.
