Technology

Hackers are creating their own ciphers for use in elaborate phishing scams

New elaborate fraudulent campaigns, including airdropped tokens, decentralized crypto exchanges, and MetaMask wallets, have been discovered targeting naive crypto holders.

Airdropped tokens are tokens (or crypto coins) that project developers distribute to a wider community. This is a common practice in the blockchain industry as it allows participants to better understand the project, inject a certain amount into the circular supply to facilitate transactions, and raise awareness of the project. In exchange for airdropped tokens, users are often asked to provide contact information and share airdrop news with friends on Twitter and other social channels.

https://www.techradar.com/news/hackers-are-minting-their-own-crypto-to-use-in-elaborate-phishing-scams/ Hackers are creating their own ciphers for use in elaborate phishing scams

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