Cybercriminals launch a scam on Metaverse

Cybercriminals launch a scam on Metaverse – Mail Bonus

Cybercriminals seem to have found a new soft target for phishing scams and fraud – the opposite. According to the victim’s accounts, they considered their investment safe and legitimate, primarily because metaverse is an integrated blockchain technology. Unfortunately, after investors bought what they considered to be their opposite countries, it did not take long for cybercriminals to steal it from them maliciously.

The hackers basically used them to click on what is known as “phishing” which appeared as legitimate metaverse websites. Without the victims’ knowledge, they were deceived into giving sensitive criminals sensitive information and credentials as soon as they clicked on the link.

The victims

All these investors wanted was part of the metaverse operation – a powerful new virtual world based on blockchain networks and systems. The metaverse quickly rose to prominence thanks to the participation of some of the A-list celebrities, artists, fashion brands and high-profile investors.

While this may sound fascinating and metaverse, there is a lack of future features and applications, it is not perfect.

What is painfully obvious is that metaverse is not safe for cybercriminals. Investors learned the security risks of virtual investments in a difficult way.

There is no question that the popularity of investing in virtual real estate (buying land on metaverse and then selling it for profit on various NFT and blockchain systems) has forced fraudsters and hackers to crawl out of the woodwork. According to authorities, cybercriminals are launching cyber-scams with an arsenal of high-tech software and malicious programs that are more difficult to identify.

Kasha Desrosiers, a trained long-term nurse, was one of the victims. Ms. Desrosiers bought NFTs worth $ 16,000. It represented metaverse land on popular metaverse systems such as The Sandbox and SuperWorld.

She explained that her dream was to build a game in the virtual world based on the physiology and anatomy of man. Unfortunately, she can no longer do that now. After purchasing the NFT, Desrosiers clicked on a website called Decentraland and unknowingly clicked on a phishing link that redirected her to a phishing site where the bad guys emptied her MetaMask wallet.

An online fitness trainer, Tracy Carlinksy, had similar experiences. She clicked on a phishing site that was almost identical to The Sandbox’s website. Carlinksy lost $ 20,000.

In the midst of phishing scams, investors are pushing for high interest rates to invest in Metaverse

Because metaverse is a completely new entity, the authorities still have to keep a detailed record of how much money small investors lose due to cybercrime. But there is no doubt that metaverse phishing scams are at an all-time high and will continue to grow. Although investors may have lost hundreds of thousands of dollars, corporate investors show no signs of slowing down – constantly pumping incredible amounts of money into the virtual stratosphere.

For example, you would be surprised to know that the company behind The Sandbox, Animoca Brands, recently acquired more than $ 350 million in capital from various investors such as 10T Holdings and Liberty City Ventures. The sandbox now stands at a value of over 5 billion dollars!

Metaverse platforms launch

According to MetaMask product manager Taylor Monahan, the company will soon launch a platform where victims of phishing scams could recover their stolen money. In an interview with CNBC, Monahan said: “We are trying to set up a forum where people will have a chance to fight to get their money back from scammers.

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