A previously undetected cryptocurrency scam has leveraged a constellation of over 1,000 fraudulent websites to ensnare users into a bogus rewards scheme since at least January 2021.
The scam works via an advanced fee fraud that involves tricking victims into believing that they’ve won a certain amount of cryptocurrency.
To get their rewards, the victims would need to pay a small amount to open an account on their website.
All the fake websites belong to an affiliate of a Russian cybercrime project named Impulse that’s been advertised on Russian cybercriminals forums since February 2021, the report says.
The threat actor streamlines operations for its affiliates by providing hosting and infrastructure so they can run these scam websites on their own, the researchers said.
The report continues, stating that the scam uses a pretextual fee fraud to trick victims into thinking they have won some cryptocurrency.
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