Federal Bureau of Investigation (FBI) Detected Three fake that stole about $ 42.7 million from 244 victims between October 4, 2021 and May 13, 2022, and recently issued public warnings against such malicious applications. Cryptographic app.
According to the FBI, these cybercriminals are using the names and logos of legitimate US companies to attract investment. The agency advises all users suspected of being exposed to such fraud to contact the FBI via the Internet or the local FBI field office.
3 fake apps found
The public warning contains three fake crypto apps discovered by the FBI.
The first Supayos (also known as Supay) took the name of a legitimate Australian exchange and was active from November 1st to 26th, 2021. The attacker behind the app persuaded two victims to download and create multiple deposits in Supay. account. They told one of the victims that he had enrolled in a program that required $ 900,000. When the victim wanted to close his account, he was told to deposit the required amount or freeze all his assets.
YiBit was the second fake app that confiscated about $ 5.5 million from four victims. YiBit was a legitimate exchange platform that was closed in 2018. The attackers were active from October 4, 2021 to May 13, 2022. After persuading 17 investors to deposit their funds, they asked them to pay taxes before withdrawing the funds. 4 individuals were unable to remove their balance from the app.
The FBI did not reveal the name of the third fake app. The attackers imitated legitimate US companies and continued to operate from December 22, 2021 to May 7, 2022. The FBI has found 28 victims scammed for about $ 3.7 million. Like the YiBit attackers, all 28 victims of the incident were required to pay taxes before withdrawing funds. Thirteen did so, but still couldn’t withdraw.
Rapid increase in cyber attacks
Recent research by cyber security companies Hacken We have found that the amount of money lost in cyber attacks has increased exponentially over the last two years.
Throughout 2020, $ 300 million was lost in cyber attacks on the web3 space. This number surged to $ 2.3 billion in 2021. In addition, it is expected to be even higher by the end of 2022. According to the numbers, web3 space is losing $ 1.48. $ 1 billion in cyber attacks between January and May 2022.
To make matters worse, the recovery rate for the 2022 attack seemed to be very low. Previously, the recovery rate was about 20%. However, authorities have recovered only 4.5% of the $ 1.48 billion stolen in 2022. According to reports, this shows an increase in the complexity of fraud.
