Recent findings show that scammers are using fake companies in the AI and Web3 space to lure victims and drain funds from their cryptocurrency wallets.
Scammers' Methods
The scam campaign entices victims into downloading malware disguised as legitimate applications. The threat actors create professional-looking fake companies through compromised accounts and forged content on platforms.
Examples of Fake Companies
Among the fake companies identified were Pollens AI, Buzzu, Swox, and Eternal Decay. Scammers used stolen logos, code, and forged investor lists to enhance their credibility.
Consequences and News
The tactics of the scammers closely align with those used by the "CrazyEvil" group, known for targeting cryptocurrency users. Meanwhile, a British court sentenced two men for stealing over £1.5 million from 65 investors.
Complex fraud schemes in the cryptocurrency market continue to pose threats to users, highlighting the importance of vigilance when engaging with suspicious applications and companies.
