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Tom Mitchelhill
4 hours ago
WARNING: HOW 'ONE TIME PASSWORD' BOTS CAN STEAL ALL YOUR CRYPTO
Scammers have been using advanced hacking bots on Telegram designed to trick
investors into divulging their two-factor authentication, leading to accounts
being locked and wiped out.
5346 Total views
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Cybercriminals are using bots purchased on Telegram to trick users into giving
them access to their cryptocurrency accounts.
According to a report from cybersecurity firm Intel471, One Time Password (OTP)
bots are “remarkably easy to use” and are relatively inexpensive to operate
relative to the amount that can be earned from a successful attack.
A Telegram bot known as ‘BloodOTPbot’ charges a monthly fee of just $300 to
hackers to access. Fraudsters also have the option to spend an extra $20 to $100
on more phishing tools that target individual social media accounts on
Instagram, Facebook and Twitter, financial services like Paypal and Venmo and
crypto platforms such as Coinbase.
OTP bots are especially nefarious as they are generally the final step in the
hacking process, after all necessary personal information has been gathered on
the victim, known in hacker parlance as “the fullz”. Hackers use the OTP bot to
stage a seemingly-official phone call, while simultaneously prompting the 2FA
code from the user's crypto platform. Once the typically flustered user divulges
the code, hackers gain immediate and total access to the victims account.
According to a report from CNBC, Maryland-based obstetrician Dr Anders Agpar,
was the victim of such an attack, in which an “official sounding phone call”
alongside a series of banner notifications on his phone, informed him that his
Coinbase account “was in jeopardy”
Dr Agpar ended up in a situation where his two-factor-authentication (2FA) code
was divulged over the phone and immediately afterwards he found himself locked
out of his own Coinbase account which held approximately $106,000 in Bitcoin
(BTC).
These types of attacks from OTP bots are increasing in frequency and are causing
substantial losses to both institutions and individual retail investors. The
bots have an extremely high success rate in extracting funds.
Related: 4 tips to avoid phishing attacks
Customer service at Coinbase has been the subject of criticism in the past after
angry users slammed the platform for a lack of responsiveness in dealing with
hackers. In an attempt to improve response times and client relations, Coinbase
acquired an Indian AI startup and created a phone line specifically for dealing
with account takeovers and related attacks.
A Coinbase spokesperson told CNBC, “Coinbase will never make unsolicited calls
to its customers, and we encourage everyone to be cautious when providing
information over the phone. If you receive a call from someone claiming to be
from a financial institution, do not disclose any of your account details or
security codes. Instead, hang up and call them back at an official phone number
listed on the organization’s website.”
* #Blockchain
* #Fraud
* #Phishing
* #Hackers
* #Bitcoin Scams
* #Scams
* #Hacks
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