Report: Increasingly Sophisticated Crypto Voice Phishing Attacks in South Korea

Sophisticated Tactics by South Korean Crypto Voice Phishing Attackers

A recent report revealed that South Korean crypto voice phishing attackers are becoming more sophisticated in their methods to deceive victims and extract cash and tokens. The attackers are now directing victims to fake crypto exchanges that mimic legitimate platforms, increasing the complexity of their schemes.

Targeting Credit Card Users and Victims of Crypto Scams

The attackers are focusing on credit card users and individuals who have previously fallen victim to crypto scams. They are also impersonating employees of major financial regulatory bodies to gain victims’ trust and lead them to fraudulent crypto exchanges.

Real-Life Scenarios of Deception

• One individual, referred to as A, received a text message from their bank about a credit card payment they did not recognize. Upon calling the provided number, they were misled into installing a deceptive app on their smartphone.
• Another case involved a man, identified as C, who was lured into investing a significant amount of money in a fake crypto exchange after being promised insider trading tips.

Escalation of Crypto Voice Phishing Incidents

Recent police reports confirm a surge in South Korean crypto voice phishing incidents. Authorities have apprehended individuals involved in such scams, including a civil servant suspected of leveraging her position to target potential victims.