Cryptocurrency scams are at their peak, targeting one of the famous Telegram-based games Hamster Kombat by faking its Airdrop and taking access to the wallets to steal funds.

The famous tap-to-earn game on Telegram Hamster Kombat is one of the fastest-growing games with 239 Million players in just 81 days. A cyber security firm Kaspersky, first identified the threats of scams in which they promise to convert the game coins into rubles and provide certain links that require Telegram login credentials.

Once the victim clicks on the provided link the scammers can easily access their account, allowing them to steal data and Blackmail them. The first victim of the scammer was identified in Russia, but the scammer can also target other country players.

 With the massive inflow of players witnessed in the first 81 days, the game clicker observed 4-5 million new users interacting with the game daily. This makes it the fastest growing game in the World according to Pavel Durov, Telegram founder.  

Hamster Kombat tightens security

Crypto scammers are targeting the popular Telegram game with fake airdrops that direct users to fraudulent links.

These fake Hamster Kombat airdrops aim to steal users’ crypto wallet logins, according to Kaspersky’s Svistunova.

“Scammers exploit the allure of free cryptocurrency by offering fake airdrops of Hamster cryptocurrency, aiming to steal crypto wallet information… Fraudsters also set up phishing sites claiming to sell Hamster cryptocurrency at a discount, deceiving users into providing access to their crypto wallets.”

After getting listed on Buybit on July 8 to start its prelaunch trading after that, the coin started gaining popularity. The cyber security firm also warns users not to access website which promises them free coins. Through these fake websites, they can steal users’ credentials.

Crypto Hacks and Phishing Attacks Persist, Impacting the Industry

Continuous hack attempts on cryptocurrencies are damaging the credibility of the crypto industry. Since June 2021 almost 785 hacks have been reported in the crypto industry with a loss of $19B.

Phishing scams are becoming a major problem, especially on newer blockchains. For example, phishing attacks on Base jumped by 1,900% in March compared to January, leading to a huge increase in stolen crypto.