Kaspersky reveals new scam using mnemonics as bait to steal funds from other crypto thieves

Security firm Kaspersky has revealed a new scam that has gone viral on YouTube and has even wily scammers impressed by its ingenuity. "Scammers pose as newbies who foolishly share access to crypto wallets to trick equally naive thieves, who eventually become victims," ​​the company said. "In this case, the scammers are like digital Robin Hoods, as the scam targets other bad actors." This scam is not unique to the internet, with multiple new accounts posting the same comments and mentioning the same seed phrase. Since transaction fees on the blockchain are low, often less than $10, this type of scam is likely designed primarily for those trying to gain benefits through shady means, rather than sophisticated criminal operations aimed at stealing large amounts of money. (CoinDesk)