Russia's cyber security firm, Kaspersky, has exposed a new scam targeting crypto users. The scam involves fraudulent comments left on YouTube.
The Scam Unveiled
Malicious actors leave seemingly harmless comments on financial YouTube videos. For instance, they might share their seed phrase and seek help in moving funds. Kaspersky experts warn that such requests are suspicious since even new crypto users know better than to share their seed phrase.
How the Scam Works
Scammers attempt to lure a potential 'helper' into losing money by setting the crypto wallet as a multi-signature wallet. The victim, wanting to transfer funds, sees that the token fee is insufficient. Their funds transfer to a third account and are lost.
Experts' Advice
Experts say this approach targets users driven by greed. They advise vigilance and caution with any online requests, especially in crypto, as millions have been lost to various scams.
Kaspersky's exposure of this scam highlights the need for ongoing updates in digital security measures. Users should remain cautious and skeptical of online information.
