Phony Security Firms Target Crypto Users in Rising Scam Wave
These schemes not only drain funds but also implicate victims, complicating their ability to recover stolen assets. These accounts impersonate legitimate security services while secretly aiming to compromise user wallets. Even users who authenticate with legitimate services can fall for the tactic, thinking the fake tools detected hidden threats. SlowMist also revealed that scammers often replicate the profiles of trusted crypto security analysts like ZachXBT. Their entire strategy relies on speed, fear, and surface-level credibility, making it difficult for victims to respond rationally before harm is done.
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