As cryptomining continues to rule the cybercrime scenario, cybercriminals are designing innovative ways to drain people’s cryptowallets. Scammers are still doing their best to make the most out of their resources to launch leading-edge scam attempts. The increase in scams is mainly attributed to the failure in implementing appropriate fraud protection measures and unfortunately, popular cryptomining platforms including Coinbase and Bitcoin lack the necessary security features that they need to prevent fraudulent cryptomining activities.
Cybercriminals typically operate by directing victims to a fraudulent call center through counterfeit Twitter Coinbase accounts and malicious search results.
