The post Fake startups target crypto users, infiltrating their wallets appeared on BitcoinEthereumNews.com.

Darktrace research reveals ongoing social engineering campaign targeting crypto users through fake startup companies. Scammers impersonate AI, gaming, and Web3 firms using spoofed social media accounts. Project documentation gets hosted on legitimate platforms like Notion and GitHub. The campaign continues changing since December 2024 targeting Web3 employees globally. Fake companies use legitimate platforms to build credible presence Threat actors create fake startup companies with AI, gaming, video meeting software themes. Web3 and social media company facades help target cryptocurrency users specifically. These operations use compromised X accounts typically with verification to contact victims. The attackers use legitimate platforms including Notion, Medium, and GitHub for documentation. Professional-looking websites include employee profiles, product blogs, whitepapers, and development roadmaps. X accounts appear compromised with higher follower counts adding to the appearance of legitimacy. The scammers remain active on social media accounts posting software development updates. Product marketing content gets shared regularly while campaigns operate across platforms. Eternal Decay blockchain game created fake conference presentation photos for credibility. The attackers even altered Italian exhibition photos making them appear as company presentations. Medium hosts blog posts about fake software products and company developments. Notion contains detailed product roadmaps and comprehensive employee listing information. Scammers altering photo from Italian exhibition: Source GitHub repositories feature technical software aspects using stolen open-source projects. Code names get changed to make repositories appear unique and original. Company registration information from Companies House gets linked to similar-named companies. Gitbook details company information and lists fake investor partnerships for credibility. Gameplay images stolen from Zombie Within game appear as Eternal Decay content. Some fake companies establish merchandise stores to complete business facades. These combined elements create convincing startup company appearances increasing infection success rates. Victims receive contact through X messages, Telegram, or Discord from employees. Fake workers offer cryptocurrency payments for software…

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Filed under: News - @ July 11, 2025 9:29 am