Beware of imitators! Cybercriminals are taking advantage of the popularity of Cardano to spread phishing scams.
- Cardano is the 3rd crypto project with the most phishing scams.
- Blockchain.com and Luno take the top spots.
- Fake sites mimic these brands to steal cryptocurrencies.
A recent report suggests that cybercriminals are inclined to Cardano, but not in a good way. According to data analyzed by the team at Atlas VPN, Cardano is the third most common cryptocurrency brand among scams phishing.
It should be noted that the term phishingwhich refers to sport fishing, refers to a type of computer scam in which malicious actors imitate a trusted brand, company, website or application to steal passwords and extract funds from users who access the site false under the illusion that it is legitimate.
In accordance with Atlas VPN, Cardano is the crypto project with the highest volume of imitators on the Internet, after the financial services platform, Blockchain.comand the application Moon. In the last 90 days, found 191 pages of phishing for Cardanowhile 662 and 277 fake sites for Blockchain.com Y Moonrespectively.
Poloniex, Magic Eden, Bittrex Y Binance they followed him Cardano in the favorites list for scams phishing, placing fourth, fifth, sixth and seventh places respectively. While the world’s largest cryptocurrency exchange registered almost 60 fake sites, other platforms such as wallets electrum Y MyEtherWallet were also mentioned in the list.
Cardano is targeted by phishing scams
type attacks phishing they are not new to the cryptocurrency space. According to the report of Atlas VPNwhich cited data from US regulators, cryptocurrency scam victims lost $329 million in the first quarter of this year alone.
Since 2021, users in this sector have lost more than US$1 billion worth of cryptocurrencies to scams, of which about US$ $93 million due to business imposter scams. Additionally, $575 million was lost to investment-related fraud and $185 million due to romance scams, the report adds.
For CardanoThe emergence of copycats is not new, as it appears that malicious actors have been taking advantage of the growing popularity of the proof-of-stake (PoS) blockchain to steal crypto from unsuspecting users. The Twitter account Cardano Phishing Bot has been warning about the growing trend of scams phishing of Cardano from 2021.
Hackers often take advantage of real events announced in the ecosystem of Cardano to offer purported distributions of tokens fraudulent or other flashy gifts. These deceptive promotions often lead to the download of malicious apps that end up stealing users’ credentials, and mining their cryptocurrencies.
New #cardano Scam Detected:
— Cardano Phishing Bot (@CardanoPhishing) May 4, 2022
A look at advertised scams also shows that copycats frequently use the name of the founder of CardanoCharles Hoskinson, to promote fraudulent schemes.
Scams amid Vasil’s expectations
The report on phishing scams from Cardano comes in the midst of the anticipated arrival of the update Vasil. The hard fork (hard fork) of the network, which will usher in the new era “basho”, will be the most important since the launch of Alonzo last year.
Over the weekend, the development company behind Cardano, Input Output (IOG), announced that it had successfully launched and tagged node 1.35.0 from Cardanowhich says that it will be the final candidate for the launch of Vasil on the main network. He added that he had informed the SPO (stake pool operator) community supporting the testnet that the new node was ready for deployment. The update is expected in mainnet takes place at the end of July.
Keep upgrading https://t.co/4uk0g1jfVx
— Charles Hoskinson (@IOHK_Charles) June 27, 2022
It would not be unusual to see an increase in scams using the name of Cardano as the long-awaited blockchain upgrade draws near. With this in mind and as a recommendation to stay safe, Atlas VPN reminds users to carefully review the websites they visit and be on the lookout for spelling and grammatical errors, as this could be a sign of phishing.
It is also recommended to follow cryptocurrency projects from their official channels and remember that it is highly unlikely that a legitimate project or its creator will promote giveaway campaigns. tokens in exchange for advance deposits. If it sounds too good to be true, it probably is.
Article by Hannah Estefanía Pérez / DailyBitcoin
Picture of Depositphotos
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