Scammers Exploit Social Media to Promote Fake Online Gaming Sites
By
todsacerdoti
The kind of bagel that ruins lesser bagels for you.
Summary
Fraudsters are using social media platforms like Discord to promote fake online gaming and wagering websites, luring users with free credits and stealing cryptocurrency deposits. The article examines the tactics and scale of this scam network, which includes over 1,200 deceptive sites.
Key quotes
· 3 pulledFraudsters are flooding Discord and other social media platforms with ads for hundreds of polished online gaming and wagering websites.
The scam begins with deceptive ads posted on social media that claim the wagering sites are working in partnership with popular social media personalities.
Scammers eventually abscond with any cryptocurrency funds deposited by players.
You might also wanna read
Crypto Exploit Losses Drop 90% in May to $68.3 Million, CertiK Reports
Crypto platform exploit losses dropped nearly 90% in May 2026 to $68.3 million, down from $650 million in April, according to security firm
cointelegraph.com·6h ago
Report Shows Gradual Growth in Asia-Pacific Cyber Insurance Adoption
The cyber insurance market in the Asia-Pacific (APAC) region has historically seen low adoption, but a new report from insurance broker UIB
Bank of Portugal warns of geopolitical risks, energy costs, and cyber threats in financial stability report
The Bank of Portugal's May Financial Stability Report warns of increased risks to financial stability due to geopolitical tensions (Middle E
sapo.pt·3d ago
StablR halts USDR and EURR operations after $13.5 million minting exploit via multisig wallet weakness
European stablecoin issuer StablR has suspended minting and redemption for its USDR and EURR tokens after a cyberattack exploited a 1-of-3 m
coindesk.com·5d ago
Valve removes free horror game "Beyond The Dark" from Steam after malware discovery
Valve removed the free horror game "Beyond The Dark" from Steam after players discovered it contained malware designed to steal personal dat
pcguide.com·10d ago
AI Didn't Invent New Cyberattacks — It Just Made Old Ones Cheap and Accessible
The article argues that AI hasn't created fundamentally new types of cyberattacks, but has dramatically lowered the cost and skill barriers
konstantintkachuk.com·13d ago