According to Proofpoint, Bitcoin scams are evolving from image to video formats, termed VidSpam. These scams use malicious multimedia messages containing low-quality video attachments designed to appear credible, alongside links redirecting victims to fraudulent websites. Targeting mobile devices, which are easily accessible and frequently used, these scams exploit users' trust, subjecting them to aggressive financial pressure to invest in bogus cryptocurrency opportunities. With the expected rise in MMS abuse, perpetrators are likely to utilize more sophisticated multimedia to deceive and exploit unsuspecting individuals.
Image-based Bitcoin scams are evolving into video-based abuse (VidSpam), featuring deceptive low-quality videos to enhance credibility and pressure targets for money.
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