Tracking Down Fake Cryptocurrency Sellers Using DNS Intelligence
The cryptocurrency market has grown over the years. In fact, the market capitalization peaked at US$3 trillion in November 2021, experiencing subsequent ups and downs before reaching US$2.58 trillion in March 2024.1 And while this trend is good, it may also spell bad news—more threat actors are bound to initiate crypto-centered scams.
The WhoisXML API research team was recently alerted to fake cryptocurrency-selling campaigns. We analyzed 130 domains believed to belong to fake crypto sellers. Our IoC expansion analysis found more than 2,700 potentially connected artifacts comprising: