Discord Cryptoscam: Scammers Lure Players to Fake Cryptocurrency Exchange Site

Experts believe that the ad offers such generous offers to get user interest, the offer depends on the message to message. However, the gist always remains the same, for instance, if the exchange will help the traders in dire times or is it just trying to lure new users. In this case, says Kaspersky, there’ll be a lucky user who’d be chosen for the reward of free Ethereum cryptocurrency or Bitcoins. As we all know, the Discord platform was built solely for gamers, but various users, varying from study groups to cryptocurrency enthusiasts, use Discord’s handy servers, channels, and private messages for communication. 

The user diversity becomes an easy target for hackers to scam. In this particular incident, the scammer first tried to send the victim a fake message with emojis and added details that contained a code to free cryptocurrency gifts. The message contained a malicious link that led the user to a fake cryptocurrency exchange domain. When the victim clicks the given link, he’s redirected to a website (fake of course). The cryptocurrency exchange site has details like trading info, charts, and trading history (to make it look more genuine). 

“The attention to detail even extends to offering victims two-factor authentication to secure their accounts, plus antiphishing protection. Here, of course, the purpose is purely to add plausibility; the site’s true purpose is to transfer money from victim to criminal,” reports Kaspersky. “The scammers claim to need a top-up — in our case, 0.02 BTC or an equivalent amount in Ethereum or US dollars. The scammers appear to be collecting a database to sell; many legitimate services, including financial ones,” it further says.