The Latest in IT Security

Scammers Get Scammed, Crypto Worth Thousands Stolen

Scammers Get Scammed, Crypto Worth Thousands Stolen

image credit: adobe stock

The best way to steal money is by piggybacking onto other thieves, is the apparent motto of a cryptocurrency threat actor who drained hundreds of thousands of dollars worth of digital assets destined for scammers.

Analysts from Trend Micro dub the thief robber “Water Labbu,” and peg its takings as 316,728 USDT filched from nine scammers so far. USDT is a stablecoin whose value is pegged to the U.S. dollar.

Water Labbu targets fraudulent decentralized applications crated by scammers who entice victims into investing into a cryptocurrency mining scheme.

Read More

Comments are closed.


TUESDAY, JUNE 18, 2024

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...



Latest Comments