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Discord Scammers Lure Users to Fake Exchange With Promise of Free Bitcoin
The scammers may be trying to collect a database of crypto users for sale on the dark web, said Kaspersky.
Scammers have been targeting users on Discord, the chat server platform popular with gamers, by offering them free bitcoin or ethereum on a fake exchange platform.
STORY CONTINUES BELOW
- The fraudsters targeted Discord users on cryptocurrency-focused servers, sending them private messages purporting to be from a new exchange giving away cryptocurrency, according to a Kaspersky Daily report on Thursday.
- Potential victims are told to register with the exchange, offering up personal data in the process, and either make a small cryptocurrency deposit or go through a fake know-your-customer (KYC) identity check to complete the process.
- When victims try and claim their free crypto, they are asked to top up the account with an amount such as 0.02 BTC (worth $750 at press time) or the equivalent in ether or U.S. dollars.
- Claiming the free crypto appears to work, crediting the user's exchange account with the promised amount, but when a withdrawal is attempted it fails.
- The supposed exchange, called "withEREUM" in this case (the scam changes such details regularly to keep it fresh), has been convincingly designed to look authentic, even touting two-factor authentication, said Kaspersky.
- As well as nabbing visitors' crypto, the scammers may be collecting a database of crypto users, per the report, which could "fetch a nice price on the dark web."
Read more: Substack Newsletters Are Being Used to Spread Crypto Scams
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
