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Monday, May 20, 2024

Bangkok Post – ‘Scam kits’ for sale in underground markets

‘DeFi savings’ swindle follows a familiar script but with some new twists

DeFi (decentralised finance) savings scam kits include a web page that can connect to a victim’s crypto wallets through the Ethereum blockchain. (Photo: Reuters)

Cybercriminals are selling the latest evolution of online scam schemes in ready-to-go kits on the dark web, lowering the barrier to entry for scammers around the world, according to a report published on Friday by the cybersecurity firm Sophos.

In traditional “pig-butchering” scams, which originated in China and blew up during the…

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