Connect with us
Active Currencies 14297
Market Cap $2,524,031,797,033.80
Bitcoin Share 51.73%
24h Market Cap Change $0.34

Scammers target Discord users with fake exchange and Bitcoin giveaways

1min Read

Share this article

Scammers are targeting Discord users on crypto-focused servers, through private messages that appear to come from fake exchanges that are giving away Bitcoin and Ether. A new report from Kaspersky stated that the perpetrators even went to great lengths to make the fake site appear as convincing as possible. The message contains a link that opens to the dubious trading platform. It also details instructions for accepting the supposedly free crypto assets. 

The image below is a screenshot of the message from the scammers.

Source: Kaspersky

Investigators noted the attention to detail in designing the website, which even goes as far as offering victims two-factor authentication. The fake website also includes anti-phishing protection “to secure their accounts.” However, the team stated: 

The purpose is purely to add plausibility; the site’s true purpose is to transfer money from victim to criminal.

On completion of the registration process, the victim must make a deposit of 0.02 BTC (roughly $735 at press time) or its equivalent in ETH. The process also allows victims to go through a KYC process that mimics a legitimate exchange, requiring personal information and a selfie. The team believes that the scammers could be collecting a database of such info with the intention to sell it on darknet sites. 

The victims are even able to claim the free crypto; however, when it comes to withdrawing funds, the attempt fails.

The alleged exchange in question is known as “withEREUM” however, it is common for scammers to change such details often.


Alisha is a full-time journalist at AMBCrypto. Her interests lie in blockchain technology, crypto-crimes, and market developments in Africa and the United States
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.