Inferno Malware Masqueraded as Coinbase, Drained $87 Million from 137,000 Victims

The operators behind the now-defunct Inferno Drainer created more than 16,000 unique malicious domains over a span of one year between 2022 and 2023. The scheme "leveraged high-quality phishing pages to lure unsuspecting users into connecting their cryptocurrency wallets with the attackers'...

Beware: Scam-as-a-Service Aiding Cybercriminals in Crypto Wallet-Draining Attacks

Cybersecurity researchers are warning about an increase in phishing attacks that are capable of draining cryptocurrency wallets. "These threats are unique in their approach, targeting a wide range of blockchain networks, from Ethereum and Binance Smart Chain to Polygon, Avalanche, and almost 20...

Classiscam Scam-as-a-Service Raked $64.5 Million During the COVID-19 Pandemic

The Classiscam scam-as-a-service program has reaped the criminal actors $64.5 million in illicit earnings since its emergence in 2019. "Classiscam campaigns initially started out on classified sites, on which scammers placed fake advertisements and used social engineering techniques to convince...

Researchers Uncover Classiscam Scam-as-a-Service Operations in Singapore

A sophisticated scam-as-a-service operation dubbed Classiscam has now infiltrated into Singapore, more than 1.5 years after expanding to Europe. "Scammers posing as legitimate buyers approach sellers with the request to purchase goods from their listings and the ultimate aim of stealing payment...

Telegram Bots at Heart of Classiscam Scam-as-a-Service

A new automated scam-as-a-service has been unearthed, which leverages Telegram bots in order to steal money and payment data from European victims. The scam, which researchers call Classiscam, is being sold as a service by Russian-speaking cybercriminals, and has been used by at least 40 separate...