Fake startups target crypto users, infiltrating their wallets

Darktrace research reveals ongoing social engineering campaign targeting crypto users through fake startup companies. Scammers impersonate AI, gaming, and Web3 firms using spoofed social media accounts.

Project documentation gets hosted on legitimate platforms like Notion and GitHub. The campaign continues changing since December 2024 targeting Web3 employees globally.

Fake companies use legitimate platforms to build credible presence

Threat actors create fake startup companies with AI, gaming, video meeting software themes. Web3 and social media company facades help target cryptocurrency users specifically. These operations use compromised X accounts typically with verification to contact victims.

The attackers use legitimate…

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