Give and Take: An End-to-End Investigation of Giveaway Scam Conversion Rates
10 months ago
- #scams
- #cryptocurrency
- #cybersecurity
- The paper investigates cryptocurrency giveaway scams, focusing on their operation and impact.
- Scammers use platforms like Twitter, YouTube, and Twitch to reach victims, promising high returns in exchange for cryptocurrency transfers.
- The study found that 1 in 1000 scam tweets and 4 in 100,000 livestream views result in a victim.
- During the measurement period, scammers extracted nearly $4.62 million from hundreds of victims.
- The research highlights the need for effective interventions to combat these scams, given their low-cost, high-reach nature.