AI-Driven Scams Hijack Web3 Credentials via Fake Apps

The Role of AI in Creating Deceptive Websites and Social Media Profiles

A new, highly sophisticated scam targeting Web3 professionals has been uncovered by Cado Security Labs. The scammers behind this scheme use artificial intelligence to create convincing fake websites and social media accounts that appear legitimate at first glance. These AI-generated platforms are designed to mimic real business websites, often related to cryptocurrency and blockchain, making it challenging for users to detect the fraud. The scammers’ use of AI content provides them with an edge, allowing them to scale their operations and deceive a larger audience of professionals in the digital space.

Malware-Infested App Steals Personal Data from Victims

Once the scammers make contact, they invite victims to download a seemingly innocent meeting app called “Meeten” or “Meetio.” Unfortunately, these apps are far from safe. After installation, the app immediately deploys malware that scans the victim’s device for sensitive information, including cryptocurrency wallet credentials, Telegram logins, and banking details. The malware further compromises the victim’s privacy by collecting browser cookies and autofill credentials, giving the scammers access to even more personal data. This malware not only puts financial details at risk but also leaves the victim vulnerable to identity theft and further exploitation.

Web3 Industry Professionals Advised to Exercise Caution

Security experts are warning Web3 professionals to remain cautious when prompted to download software from unknown sources, particularly those promising business meetings or job opportunities. With the rise of AI-driven scams, professionals must be more vigilant than ever, as the level of sophistication in these attacks is growing. The use of fake websites and social media profiles can easily mislead even the most tech-savvy individuals, making it crucial for industry workers to verify the legitimacy of any platform or app before engaging with it. Maintaining a healthy skepticism can help protect sensitive personal and financial information from falling into the wrong hands.