SPECIAL REPORT
Crypto fraud has become the dominant form of Internet-based confidence schemes over the past three years , as demonstrated by the sha zhu pan , pig butchering scams explains Sean Gallagher at Sophos .
Leveraging emotion liquidity mining sca
Crypto fraud has become the dominant form of Internet-based confidence schemes over the past three years , as demonstrated by the sha zhu pan , pig butchering scams Sophos recently investigated . But one variant has been growing at a particularly rapid pace : fake liquidity mining .
Sophos X-Ops has also seen growth in crypto phishing sites that connect to cryptocurrency wallets while impersonating crypto trading-related brands in other types of scams .
But these sites are often used by sha zhu pan scammers to separate victims from their money .
Amid research into a new wave of liquidity mining scams , Sophos was directly contacted by a victim in the US who shared the entirety of their experience after losing $ 22,000 to a liquidity mining scam .
As with other forms of sha zhu pan scams we have seen recently , the victim was initially lured into a flirtatious correspondence with the actors hiding behind a dating
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