Scammers targeting cryptocurrency users have turned their focus to Telegram, using malware to steal funds and sensitive information.
Scam Sniffer, a security firm, explained that this shift comes as more people recognize and avoid phishing links. Scammers rely on malware because it gives them greater access to systems, and stolen funds are harder to trace.
Unlike phishing attacks, malware can bypass many security measures and steal private keys directly from users’ devices.
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According to Scam Sniffer in a January 16 post on X, these schemes have increased by over 2,000% since November 2024 and are replacing more traditional phishing methods.
Instead of tricking users into connecting their wallets to fake websites, scammers use fake Telegram verification bots to distribute malware.
These bots often appear in phony trading groups, airdrop promotions, or exclusive investment groups. Once users interact with these bots or install their verification tools, they unknowingly grant access to their passwords, wallet files, and browser data.
Scam Sniffer identified two fake Telegram bots, OfficiaISafeguardRobot and SafeguardsAuthenticationBot, as part of the growing trend.
In December 2024, scammers created fake accounts impersonating crypto influencers, luring them into Telegram groups with promises of investment advice. Inside the groups, they are asked to complete a verification process using a fake bot, which secretly installs malware on their devices.
On January 5, the security team also reported that scammers target community projects by sending realistic-looking invites to unsuspecting users. These tactics make it harder for users to identify the scams.
Meanwhile, a new macOS malware has recently gained attention, but a former National Security Agency researcher argued that the threat is exaggerated. What did he say about this malware? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
