Published on augustus 4, 2024, 12:41 am
Image source: Fox News
```json [ "TLDR: Recent crypto scams include a deep-fake AI livestream at Bitcoin 2024 conference leading to $79,000 losses, phishing scam causing a holder a loss of $148,000 in MOG tokens, possible connection between DMM and Poloniex hacks attributed to Lazarus Group, and Microsoft uncovering a new vulnerability used by ransomware attackers on ESXi servers. Urges caution, vigilance, and adoption of best security practices within the cryptocurrency community." ] ```
Crypto scams, hacks, and exploits have been making headlines recently, emphasizing the need for caution and vigilance within the cryptocurrency community. One such incident occurred during the Bitcoin 2024 conference on July 25-27, where crypto users fell victim to a deep-fake AI livestream that led to losses exceeding $79,000.
The fraudulent livestream featured a fabricated speech by Elon Musk, although Musk was never scheduled to speak at the conference. This scam highlights the growing trend of deep-fake technology being used for malicious purposes in the crypto space. Michael Dunworth from Wyre brought attention to this scam after receiving reports of individuals being lured into a fake Bitcoin giveaway scheme promoted during the event.
In another distressing event, a holder of meme coin MOG suffered a loss of over $148,000 due to a phishing scam. The attacker managed to drain a substantial amount of MOG tokens from the victim’s wallet through deceptive means. This incident underscores the importance of staying cautious and informed while engaging in cryptocurrency transactions.
Additionally, reports have surfaced linking the DMM hack from May 31 with the Poloniex hack from November 2023, suggesting possible connections between these cyber-attacks. It is suspected that both incidents could be attributed to the Lazarus Group, highlighting the persistent threats posed by sophisticated hacking groups in the crypto space.
Moreover, Microsoft uncovered a new vulnerability affecting ESXi servers utilized by ransomware attackers to encrypt device contents and demand cryptocurrency payments for decryption keys. This discovery sheds light on evolving tactics employed by malicious actors in carrying out crypto-ransomware attacks.
As these incidents demonstrate, it is crucial for cryptocurrency users to exercise caution when engaging in online transactions and remain wary of potential scams and security threats prevalent in the digital asset ecosystem. By staying informed and adopting best practices for online security, individuals can better protect themselves against malicious activities targeting unsuspecting crypto enthusiasts.
Original article posted by Fox News
