LinkedIn scammers target crypto users

-

Hackers are getting crafty, and now they’re using LinkedIn to pull off their latest scams.

Cybercriminals are migrating their shady tactics to the networking site, making it even tougher for users to protect their digital assets.

Let’s connect!

Taylor Monahan, also known as Tayvano, the web3 security expert shared that these hackers are using slick social media tricks to spread malware, and once the malware is installed, victims lose control of their devices, making it easy for the criminals to swoop in and steal their crypto.

So how do these scammers operate? First, they create fake LinkedIn profiles that look totally legit. They then impersonate recruiters from popular companies, starting conversations with potential victims to build trust.

It’s like the classic “too good to be true” job offer, except this time, it’s happening on LinkedIn!

LinkedIn
X

Building trust with fake job offers

Once they’ve gained a victim’s trust, the hackers dangle enticing job opportunities in front of them. This tactic works wonders, especially for those actively looking for work, or even those just hoping to boost their income.

To make things seem more convincing, they use tools like the Willo Video interviewing platform, which many crypto firms use for real interviews.

Victims are asked to record and send their responses via Willo, but here’s the catch, because the scammers don’t actually use the platform’s video features. Instead, they come up with various technical excuses to keep the con going.

After this setup, they send a malicious link with instructions that, if followed, compromise the victim’s device. Monahan warns that once users click on these links, they hand over control of their devices without even realizing it.

It’s so over

Monahan doesn’t mince words when he says that following these hackers’ instructions is a one-way ticket to disaster. If you follow their instructions, you’re done for, he explains.

The consequences can vary depending on whether you’re using Mac, Windows, or Linux., but one thing is clear, it’s a full-on disaster!

While it’s still unclear how widespread this scam is or how much money has been lost so far, it echoes previous incidents, like when Japanese crypto firm Ginco lost around $305 million due to similar social engineering attacks.

Have you read it yet? Bitcoin-denominated ETFs from ProShares

LATEST POSTS

FTX Exec’s Wife Accuses Prosecutors of Misleading Husband in Guilty Plea Deal

Michelle Bond, wife of former FTX executive Ryan Salame, asked a federal court to dismiss one of the campaign finance charges against her. In a...

Coinbase Q1 Revenue Plunges 10% as Crypto Trading Volume Shrinks

Coinbase revenue dropped 10% in Q1 2025 to $2 billion, according to the company’s May 8 earnings report. The figure came in 4.1% below industry...

US Man Jailed Over 30 Years for Sending Crypto to ISIS and Aiding Escape Operations

Mohammed Azharuddin Chhipa, a 35-year-old Virginia resident, was sentenced to 30 years and four months in prison on May 7. Federal Judge David Novak handed...

Kiyosaki’s thinks Bitcoin is better than gold

Robert Kiyosaki, the guy who wrote Rich Dad Poor Dad and never misses a chance to warn you about the next financial apocalypse, is at...

Most Popular

Guest posts