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Telegram Malware attacks have upended traditional phishing attacks as the main boogeyman in the crypto industry at the moment.
A mini report by Scam Sniffer, a trusted source on Web 3 security revealed that Telegram Malware attacks surged by a whopping 2000% from November 2024 to January 2025.
Scam Sniffer in an X thread explained the intricacies of the new telegram scams and how advanced they are compared to what the industry is used to.
Telegram is a top social media option for the global crypto community housing some of the biggest communities and projects in the crypto space.
Highly Advanced Compromisation Tactics
Scam sniffer explained the advanced strategy used by Bad actors behind the Telegram malware attacks.
The Attackers are distributing sophisticated malware through Fake verification bots, Fake trading groups, Fake airdrop groups, and Exclusive” alpha groups.
The victims don’t need to connect their wallets before the attackers gain access to their wallets and drain the funds in them.
The attackers can also Access your passwords, Scan for wallet files, Monitor your clipboard, and Steal browser data once you execute their code or install their verification software.
Why the Shift in Strategy?
These new strains of attacks are in response to users catching on to the usual signature attacks that often involve victims connecting their wallets.
In addition to this, Malware gives the attackers broader access to the victim’s assets and looted proceeds are much more difficult to track.
Telegram with over 950 million global users has become a hotspot and target for bad actors due to the concentration of crypto projects and communities on the platform.
Solutions
Scam Sniffer proffered some solutions users can imbibe to protect themselves from falling victim to this new strain of attacks. They include
Never run unknown commands
Don’t install unverified software
Avoid clipboard-based verification
Be skeptical of urgent group invites
Use hardware wallets
According to Cyvers annual report, Phishing attacks led to a $3.4 billion loss last year accounting for the highest share of crypto scams.
Telegram malware attacks surpassing traditional phishing in the space of two months reveals the intensity of the problem at hand.
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