Cybercriminals are concentrating on customers of cryptocurrency platforms Coinbase, MetaMask, Crypto.com, and KuCoin with a model new phishing marketing campaign that goals to steal large quantities of cash.

Researchers from PIXM not too long ago found a marketing campaign that makes use of legit website hosting companies, on this case, Microsoft Azure Net Apps, to host a number of phishing websites and faux touchdown pages, as they attempt to trick the victims into freely giving their passwords and different login credentials.

The strategy is much like what we’ve seen prior to now – the sufferer will obtain an e-mail saying their Coinbase/KuCoin account was suspended attributable to suspicious exercise, or one thing alongside these strains. The e-mail will demand an pressing response from the sufferer, and can present a hyperlink the place they will get in contact.

Bypassing MFA

The hyperlink leads the sufferer to a faux buyer help chat window, the place the attackers on the opposite finish of the road instruct the sufferer to log in, and supply a hyperlink to take action. Something the sufferer shares at this level leads to the fingers of the attackers, together with multi-factor authentication (opens in new tab) (MFA). Whereas speaking to the sufferer, the attackers will concurrently attempt to log into the precise service, thus rendering MFA ineffective.

The assault doesn’t cease there, although. Even when the attackers handle to log into the sufferer’s account, they’ll nonetheless hold them on the road and hold them busy, as they empty the account from any and all cryptocurrency. Some platforms require additional affirmation throughout withdrawal, which might be what the attackers had been trying to clear up. 

Lastly, if nothing else works, they’ll ask the sufferer to put in TeamViewer, or an analogous distant desktop entry app, and full the duty themselves. 

As common, the researchers are warning customers to not fall for these scams and to do not forget that emails coming from legit companies will virtually by no means carry a way of urgency with them.

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By way of: BleepingComputer (opens in new tab)