AI-Generated Fake Platforms Deceive Web3 Professionals
In a newly uncovered scam campaign, Cado Security Labs has revealed that scammers are using artificial intelligence (AI) to create convincing fake websites and social media accounts aimed at deceiving Web3 professionals. These AI-generated platforms mimic legitimate business sites that deal with blockchain and cryptocurrency, making it hard for users to spot the fraud. By using AI technology to craft realistic content, these scammers are able to scale their operations and reach more victims, making this scam particularly dangerous for anyone working in the Web3 space.
Malicious Apps “Meeten” and “Meetio” Steal Personal and Financial Information
The scam begins when victims are tricked into downloading a business meeting app called “Meeten” or “Meetio.” Unfortunately, these apps are far from harmless. Once installed, the malware embedded within the app scans the victim’s device for sensitive information, such as cryptocurrency wallet credentials, Telegram logins, and banking details. It also collects browser cookies and autofill data, exposing even more personal information to the scammers. With this vast amount of stolen data, the scammers can wreak havoc on the victims’ financial and personal security.
Web3 Professionals Warned to Be Cautious of Unsolicited App Downloads
With the growing sophistication of scams, Web3 professionals are advised to exercise caution when downloading software from unknown or unsolicited sources. The use of AI-driven fake websites and social media profiles makes it increasingly difficult to spot fraudulent activities online. Professionals in the blockchain and cryptocurrency space should double-check the legitimacy of any app or platform before interacting with it, as this scam demonstrates how easily personal and financial data can be compromised through seemingly innocent software downloads.
