Scammers have been using advanced hacking bots on Telegram designed to trick investors into divulging their two-factor authentication, leading to accounts being locked and wiped out.
Cybercriminals are using bots purchased on Telegram to trick users into giving them access to their cryptocurrency accounts. According to a report from cybersecurity firm Intel471, One Time Password (OTP) bots are “remarkably easy to use” and are relatively inexpensive to operate relative to the amount that can be earned from a successful attack. A Telegram bot known as ‘BloodOTPbot’ charges a monthly fee of just $300 to hackers to access. Fraudsters also have the option to spend an extra $20 to $100 on more phishing tools that target individual social media accounts on Instagram, Facebook and Twitter, financial services like Paypal and Venmo and crypto platforms such as Coinbase. OTP bots are especially nefarious as they are generally
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