Crypto Scams on Telegram Pose Rising Threat to Investors

Crypto investors are increasingly being targeted by malware attacks on Telegram, according to blockchain security firm Scam Sniffer.

While phishing scams remain a significant issue, causing nearly $500 million in losses in 2024, attackers have shifted tactics, with Telegram-based malware becoming a rapidly growing threat. These scams have surged by 2,000% between November 2024 and January 2025.

Unlike traditional phishing, which often involves impersonating prominent figures, these new schemes infiltrate legitimate Telegram groups. Victims are tricked into joining fake communities through seemingly trustworthy invites.

Once engaged, malicious bots or counterfeit trading platforms prompt users to unknowingly activate harmful code. This grants attackers access to sensitive data, including passwords and crypto wallets.

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Scam Sniffer emphasizes that the evolution of these scams reflects increased awareness among crypto users about conventional phishing, pushing attackers to develop more sophisticated methods.

The firm advises users to avoid running unverified commands or installing suspicious software and to rely on secure wallet solutions. They also remind users that legitimate crypto platforms will never request such actions, urging vigilance in navigating online interactions.

Alexander Zdravkov