Cardano Joins the List of Favored Crypto Scam Targets

It’s no longer unusual for cybercriminals to go after cryptocurrency owners. We’ve seen scams targeting Bitcoin¹ and Ethereum² owners before. This time, they’re going after Cardano coin owners³ with a supposed giveaway promo.

We scoured the DNS for other web properties that could put Cardano cryptocurrency owners at risk. And our deep dive into the threat revealed:

• Hundreds of possibly connected domains and subdomains containing the string combination “airdrop + ada,” akin to the IoC
• Hundreds of loosely connected domains as they shared one of the domain IoC’s IP addresses
• 1,100+ domains and subdomains containing the string “cardano,” 12 of which are already dubbed “malicious”

Download a sample of the threat research materials now or contact us for accessing the complete research materials.

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• [1] https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-scams-fraud/
• [2] https://www.bbc.com/news/uk-england-manchester-60465675
• [3] https://twitter.com/CardanoPhishing/status/1521836040813785088