RATE Group | Crypto sextortion scammers shifting from Bitcoin to Litecoin and other altcoins
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Crypto sextortion scammers shifting from Bitcoin to Litecoin and other altcoins

Crypto sextortion scammers shifting from Bitcoin to Litecoin and other altcoins

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  • The sextortion scam involves tricking users by claiming that their device is hacked.
  • Scammers will most likely continue switching the accepted crypto to prolong the scam and avoid phishing detection. 

Crypto sextortion and phishing scammers are avoiding detection by email filters by using Litecoin and other popular altcoins instead of Bitcoin. Cofense, a web security platform that specializes in detecting and preventing phishing scams, pointed out a new crypto-based sextortion scam utilizing LTC in its report. 

“Previous iterations showed a gradual shift away from identifiable patterns and to alternative cryptocurrencies, in an attempt to foil SEG bitcoin-detection rules. The current emails appear to be crafted to contain very few searchable word patterns.”

The sextortion scam involves tricking users by claiming that their device is hacked, including their adult-search web history and webcam footage. The scammers then demand a ransom in crypto to…

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