Too Good to Be True: Exploring the Ecosystem of Cryptocurrency Giveaway Scams

SANS Blockchain Security Summit 2022

Speaker: Nick Nikiforakis

As cryptocurrencies increase in popularity, they keep onboarding new users who are suddenly exposed to an array of new scams and threats. Cryptocurrency giveaways are one of the most popular scams currently perpetrated against novice crypto users. In these scams, users are lured to professional-looking websites advertising giveaway events where users are promised the doubling or tripling of funds that they send to a specific wallet address. Unlike traditional banking where chargebacks …

cryptocurrency ecosystem giveaway scams