Security News > 2022 > September > Fake cryptocurrency giveaway sites have tripled this year
The number of websites promoting cryptocurrency giveaway scams to lure gullible victims has increased by more than 300% in the first half of this year, targeting mostly English and Spanish speakers using celebrity deepfakes.
Group-IB explains that the primary reason behind the sudden surge of cryptocurrency scams this year is the significant rise in the broader availability of tools that help in their making.
"The phenomenal growth of fake crypto giveaways can be explained by a significantly enhanced arsenal and availability of tools for crypto scammers, even with low technical skills," explains the cyber-intelligence firm.
These forums are stamping grounds for scam mentors, fake giveaway promotion specialists, and various service contractors, so the fraudsters don't need any knowledge to run these campaigns.
"Scams targeting crypto enthusiasts are becoming increasingly common, and their scope and sophistication are growing. Crypto giveaway scams have evolved into a profitable illicit market segment. Small-time scammers and more advanced cybercriminals band together, allowing them to automate and streamline operations." - Group IB. How to stay safe.
If it's not the official channel of the celebrity, the giveaway is most likely a scam attempt.