Fake websites are posing as crypto exchanges to drain victim wallets – TechRadar

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Cybercriminals are reportedly using fake versions of popular websites such as Coinbase, Gemini, Kraken, and MetaMask in an attempt to drain the bitcoin wallets of victims dry.

According to Netskope, criminal groups are using search engine optimization (SEO) techniques, that involve an extensive network of bots posting links to phishing pages on other websites (mainly blogs) to boost their rankings in search engines such as Google.

In some instances, the researchers claim these fake websites are ranking better than the legitimate sites being copied.

How does the campaign work?

When the victim clicks on a malicious link, they will be greeted by relatively realistic-looking imitation websites hosted on either Google Sites or Microsoft Azure, which will often include a detailed FAQ.

Using the popular Crypto wallet MetaMask as an example, Netskope researchers said users would be directed to either “Download now” or “Login”, where the site will try and dupe…

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The post Fake websites are posing as crypto exchanges to drain victim wallets – TechRadar first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2022/09/09/fake-websites-are-posing-as-crypto-exchanges-to-drain-victim-wallets-techradar_2022090929826.html

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