Protecting Crypto Investors: The Rise of Telegram Malware Scams
Blockchain security firm Scam Sniffer recently issued a warning about the increasing threat of malware scams targeting crypto investors on the popular social media platform, Telegram.
The Growing Threat
- While phishing attacks have plateaued, Telegram malware scams are on the rise.
- Attackers can breach multiple wallets and extract sensitive information directly from devices.
- Incidents of these attacks have surged by 2,000% between November 2024 and January 2025.
Understanding the Scam
Scam Sniffer revealed that malicious actors have shifted their tactics from impersonating well-known figures to infiltrating legitimate Telegram communities.
These attackers lure victims into fraudulent groups using trusted invites, employing fake bots, counterfeit trading platforms, and bogus airdrops or insider groups.
Once victims engage with these channels, they unknowingly activate malicious code that compromises their devices, giving attackers access to passwords, crypto wallets, and browsing data.
Ensuring Security
Scam Sniffer recommends crypto investors take strict security measures to protect themselves from these scams:
- Avoid running unknown commands or installing unverified software.
- Use secure wallet solutions and exercise caution on social media.
- Legitimate crypto services will never ask users to execute commands or install verification tools.