Phishing attacks have caused significant damage in the crypto industry. In an effort to tackle cyber fraud, the National Fraud Intelligence Bureau (NFIB) in the United Kingdom has taken action by blocking 43 web domains linked to fraudulent activities.
Led by the City of London Police, this initiative comes after the identification of a spoof email address posing as the authentic crypto platform blockchain.com.
43 Suspicious Web Domains Blocked
Pete O’Doherty, the temporary commissioner of the City of London Police, disclosed that 42 additional suspicious web domains, such as “actionfraud.info” and “department-fraud.com,” were blocked upon detection.
The NFIB emphasized the significance of promptly reporting cybercrimes through their official channels and hotline, encouraging victims to step forward.
As of December 2023, the NFIB has already eradicated nearly 300,000 malicious websites, illustrating the extensive scope of the ongoing threat.
Among the various fraudulent schemes, some attempts go as far as falsely claiming unsuspecting recipients have won prizes like a Tupperware set, showcasing the diverse tactics employed by cybercriminals.
Despite proactive measures being taken, phishing remains a persistent threat in the industry. However, adhering to best practices such as using cold wallets, safeguarding seed phrases, conducting regular security audits and updates, avoiding clicking on unfamiliar links, and staying vigilant can aid in protecting assets.
Increasing Phishing Attacks
Scam Sniffer’s recent analysis has highlighted a surge in phishing attacks during January, coinciding with increased activity within crypto communities following a series of airdrops in the previous month.
The data indicates that scammers established over 11,400 phishing websites in January, impersonating platforms such as Manta Network, Frame, SatoshiVM, AltLayer, Dymension, zkSync, Pyth, OpenSea, Optimism, Blast, and others.
These fraudulent efforts proved lucrative as cybercriminals succeeded in pilfering nearly $55 million worth of digital assets across Ethereum Virtual Machine-based networks, with the top seven victims collectively losing $17 million.
A similar examination by SlowMist’s security team revealed that approximately 80% of comments under tweets from prominent projects were made by phishing scam accounts.
