AI Scam Targets Web3 Workers’ Crypto Assets

AI-Powered Deception: The Rise of Fake Websites and Social Media Accounts

Cado Security Labs has uncovered a highly sophisticated scam campaign targeting Web3 professionals, which leverages artificial intelligence (AI) to create convincing fake websites and social media profiles. These fake platforms are designed to deceive individuals working in the blockchain, cryptocurrency, and decentralized finance sectors. The scammers use AI-generated content that closely mimics legitimate business and networking platforms, making it difficult for victims to identify the fraudulent nature of the sites. This AI-driven approach has revolutionized the way scammers operate, making it more challenging for professionals to distinguish between real and fake opportunities online.

Malicious App Promises Meetings but Steals Sensitive Data

The scam begins when potential victims are contacted by the fraudsters, who invite them to download an app known as “Meeten” or “Meetio.” The app, which is presented as a legitimate tool for business meetings, is far from harmless. Upon installation, the app quickly deploys malware onto the victim’s device. The malware scans for sensitive information, including cryptocurrency wallet credentials, Telegram logins, and personal banking details. In addition, it collects browser cookies and autofill information, compromising even more personal data and putting users at great risk of identity theft and financial loss.

Web3 Professionals Warned to Stay Vigilant Against Unsolicited Software Downloads

Given the increasing sophistication of these scams, Web3 professionals are urged to stay cautious when receiving unsolicited invitations to download software, especially apps related to business meetings or job opportunities. While the scam may appear legitimate at first glance, the deceptive nature of the AI-generated websites and social media accounts makes it all too easy for unsuspecting individuals to fall victim to these malicious schemes. Security experts recommend that individuals double-check the legitimacy of any online platform or app before downloading or interacting with it, as this scam shows just how vulnerable personal and financial data can be in the digital age.