Ukrainian Phishing Gang Robs Cryptocurrency Wallet Owners out of $50 million

As cryptocurrencies steadily evolve and expand their reach, hackers seem determined to take advantage of their growth. During the last months, cryptocurrency holders have seen their wallets targeted by widespread phishing campaigns, including roughly $50 million that Ukrainian crypto-gang Coinhoarder walked away with.

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According to a report published on coindesk.com on February 15th, 2018, security researchers teamed up with Ukraine’s Cyberpolice unit to uncover a phishing scam that was going on for at least three years. According to their estimations, the criminal group, dubbed Coinhoarder, managed to amass a total of $50 million in cryptocurrencies since 2015 – including an amount of $2 million that was taken in less than a month during 2017. The phishing campaign was based on the simple premise of setting up fake websites mirroring the immensely popular online wallet website, Blockchain.info. The hackers then…