Get the latest tech news
Scammers unleash flood of online gaming sites
Fraudsters are flooding Discord and other social media platforms with ads for hundreds of polished online gaming and wagering websites that lure people with free credits and eventually abscond with any cryptocurrency funds deposited by players. Here's a closer look…
Fraudsters are flooding Discord and other social media platforms with ads for hundreds of polished online gaming and wagering websites that lure people with free credits and eventually abscond with any cryptocurrency funds deposited by players. In many ways, these scambling sites borrow from the playbook of “ pig butchering ” schemes, a rampant and far more elaborate crime in which people are gradually lured by flirtatious strangers online into investing in fraudulent cryptocurrency trading platforms. In contrast, these scambling sites tend to steal far less money from individual victims, but their cookie-cutter nature and automated support components may enable their operators to extract payments from a large number of people in far less time, and with considerably less risk and up-front investment.
Or read this on Hacker News