Bitcoin hacker recruitment schemes use an innovative way. They can steal money from victims’ electronics using this method. A Monahan study informs his findings. Scammers act as recruiters from respectable Bitcoin companies, offering high salaries to fool potential employees . Blockchain technology investigator Taylor Monahan says scammers use job ads promising $200,000–$350,000 to trick victims. Monahan claims that advertisements unfairly target potential victims.
Malware vs. Phishing Tactics
Phishing spreads, unlike viruses. Clearing the cache and restarting Chrome “fixes” it. Phone fraudsters interrogate victims with many microphones or cameras. Fraudsters demand “Willo | Video Interview.” Backdoors and crypto wallet theft are possible with “Fix.” Avoid errors. Monahan claimed the malware affects Mac, Windows, and Linux worldwide. Follow them and compromise.
They value trust above virality. Monahan advises victims to delete infected PCs to avoid exploitation.Okay. Let’s restart. “I would like you to paraphrase a sentence in French, to make it shorter .” They advertise false Gemini and Kraken business development manager, analyst, and researcher jobs on LinkedIn, freelance sites, Discord, and Telegram for Southeast Asia-Latin America commerce.
Hack-Driven Crypto Losses
Crypto lost $1.49 billion to hackers and scams in 2024, down 17% from 2023. Blockchain security platform Immunefi reported attacks caused 98.1% of damages ($1.47 billion) and were the leading cause. Bitcoin scams targeting, Scams and rug pulls cost $28 million, 1.9%. This loss increased 72% year-over-year. Better security minimized crypto loss.
The number of successful attacks declined by 27.5% from 2023 to 2024. DMM, a Japanese exchange, lost $305 million in May after a secret key was stolen. In July, WazirX, India’s largest cryptocurrency exchange, lost $235 million from its multi-sig Ethereum hoard. Both incidents produced 36% of losses. Losses were 51.4% for DeFi protocols and 48.6% for CeFi. DeFi lost $726 million, up 77.5%, last year. Binance Smart Chain and Ethereum suffered the most. Ethereum lost 44% of chains in 104 attacks.
Rise of Bitcoin Scams
Bitcoin scams are not a new phenomenon. However, as digital currencies continue to rise in value and popularity, fraudsters are becoming more sophisticated in their methods. One of the most common tactics involves targeting individuals actively looking for work, particularly in industries where digital skills, remote work, or blockchain knowledge is in demand.
Scammers often create fake job listings, promising high salaries and flexible working conditions. These job offers are usually too good to be true, offering lucrative pay in Bitcoin or other cryptocurrencies. Job seekers eager for a stable income are drawn to these listings, which may look legitimate on the surface. However, once they apply or show interest, they must send Bitcoin as part of a “security deposit” or “training fee.”
Summary
Hackers act as reputable Bitcoin group recruiters and offer enormous rewards to coax Bitcoin users into working. Blockchain investigator Taylor Monahan believes people responding to false $200,000–$350,000 job advertising are unwittingly defrauded. These scams spread on LinkedIn, Discord, Telegram, and contract sites. Cybercriminals steal crypto wallets with fraud, spyware, and bogus interviews.
This article discusses 2024 cryptocurrency hacks and frauds. Cyberattacks cost $1.49 billion, down 17% from 2023. Most attacks targeted decentralized financing (DeFi), costing CeFi networks a lot—a Japanese DMM exchange heist of $305 million and an Indian WazirX hack of $235 million. Bitcoin scams targeting, Most attacks targeted Ethereum and Binance Smart Chains, causing massive losses.
