Crypto Scammers Use Fake Websites in Bid to Dupe Customers – Bloomberg Law

Scammers in recent weeks have employed up fake cryptocurrency web pages to attempt to steal money from users, the latest tactic to emerge in what’s already been a costly year for crypto-related hacks.

The sham websites – which masquerade as pages for popular services such as Coinbase, Gemini, Kraken and MetaMask – aim to dupe visitors into providing information that helps hackers break into their cryptocurrency wallets, according to researchers from the security firm Netskope Inc. Fraudsters deployed search-engine optimization tactics to promote the websites, which used URL addresses that closely resembled the legitimate sites and propelled the fake pages to the first page of …

Read Full Story: https://news.bloomberglaw.com/banking-law/crypto-scammers-use-fake-websites-in-bid-to-dupe-customers

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