Liquidity Mining Scams on the Rise: Uncovering a $1M Crypto Fraud Operation

September 18, 2023. Sophos X-Ops has identified a surge in liquidity mining scams, a form of cryptofraud exploiting mobile crypto wallets and decentralized finance (DeFI) apps. The scams, initially simple in their approach to attract victims to fraudulent mining pools, have evolved, employing sophisticated tactics to siphon funds. Sophos X-Ops researcher @thepacketrat was contacted by […]

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