Singapore police have warned about a new phishing scam that involves hackers taking over the WhatsApp account and contacts of a cryptocurrency-holding victim.
The scam directs victims to link their WhatsApp account to a fake phishing website via a QR code, granting access to the website owner without any confirmation.
Hackers, on the other hand, frequently use cryptocurrency theft, where identity tracking is more difficult. Koinfinans.com As we reported last week, users of LastPass, a platform that encrypts and stores passwords, reportedly lost $4.4 million in a single day after the software’s cloud platform was breached last year.
Another reason why cryptocurrency users are targeted is that transactions are irreversible. This means that once hackers gain access to a user’s private key, it is almost impossible to recover the assets in that wallet.
Yahoo Finance reported that Singaporean actress Aileen Tan was the target of a WhatsApp scam. Using the woman’s credentials, the hackers asked her husband to transfer money to a bank account in Hong Kong. A report published by StraitsTimes reveals how a WhatsApp user sent $3,500 to a friend’s hacked account.