Ramadan Scams on the Rise: Fake Giveaways, Crypto Traps & Fraudulent Donations

SUMMARY :

Cybercriminals are exploiting Ramadan's spirit of generosity through various scams targeting unsuspecting individuals. These include wallet-draining schemes disguised as religious incentives, fraudulent crypto tokens, fake e-commerce sales, and deceptive donation campaigns. Scammers utilize social media verification badges, AI-generated promotions, and psychological manipulation to lure victims. The scams range from 'earn while you worship' programs to fake data pack giveaways and counterfeit product listings. The rise of Ramadan-themed tokens on cryptocurrency platforms highlights the need for increased regulation. Victims are often tricked into connecting their crypto wallets or sharing personal information, leading to financial losses and potential identity theft.

OPENCTI LABELS :

phishing,social engineering,cryptocurrency,scams,e-commerce fraud,charitable fraud,wallet draining,fake giveaways,ramadan


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Ramadan Scams on the Rise: Fake Giveaways, Crypto Traps & Fraudulent Donations