Researchers at Proofpoint have detected a new series of email fraud campaigns trying to lure potential victims with the promise of a considerable amount of tax-free cryptocurrency.In this new Advance Fee Fraud scheme, scammers employ advanced social engineering tactics and send potential target functioning sets of login credentials to fake cryptocurrency exchange platforms and then tempt victims with the promise of being able to withdraw hundreds of thousands of dollars worth of cryptocurrency from an already established account on the platform.Sophisticated Campaigns Although similar to other conventional Advance Fee Fraud techniques, these new campaigns are highly sophisticated from a technical point of view and are fully automated. They also require substantial victim interaction as a victim would first need to login into the platform and create their own account on it to even begin trying to withdraw any cryptocurrency. In a new write-up, Proofpoint researchers highlight the fact that the use of cryptocurrency is notable because it delivers anonymity for both the scammer and the potential target. Potential victims may fall into the trap of how the money would be acquired anonymously and tax-free since it is in Bitcoin.Proofpoint researchers say they first discovered the campaign in May 2021 using a coins45[.]com landing page. The most recent version, which started in July, directs potential victims to securecoins[.]net. According to the Proofpoint researchers, every single email strategy has been dispatched to anywhere from tens to hundreds of recipients across the globe. However, emails from the same campaign comprise the same credentials for all recipients and it appears that multiple people can log in with the same user ID ..
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