Home News Computing (Image credit: Pixabay) Cybercriminals and fraudsters are tapping into the DeFi craze to scam people out of their hard-earned cryptocurrency tokens, experts have warned.Cybersecurity researchers from Sophos (opens in new tab) have uncovered an ongoing campaign that preys on those with little knowledge of the nascent crypto space that is Decentralized Finance (DeFi), and slowly drains their funds until there’s nothing left.Sophos calls the new campaigns “Liquidity Mining Scams”, and has urged anyone involved in crypto trading to beware offer that sound too good to be true.Earning millions, or losing thousands?The rise of blockchain has given birth to something known as “smart contracts” – essentially pieces of… Click below to read the full story from TechRadar
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Scammers are using a whole load of tricks to launch cryptomining scams
