Crypto sextortionists switch from Bitcoin to Litecoin to avoid detection

Crypto sextortion and phishing scammers are shifting their operations from Bitcoin to Litecoin and other popular altcoins to avoid being spotted by email filters.

Cofense, a web security platform specializing in phishing scam detection and prevention, has released a report describing a new crypto-based sextortion scam using LTC. According to the report, the typical sextortion scam is tricking users into believing their computer has been hacked, including their adult search web log and webcam footage. The users are then forced to pay a ransom in crypto to prevent the information from being made public.

Cofense claims that many of these operations target users from password breaches, which gives the original phishing email more authenticity. However, scammers are forced to move from accepting Bitcoin to Litecoin and other alts to avoid detection by email filters.

According to the message,

Previous iterations showed a gradual shift away from identifiable patterns and towards alternative cryptocurrencies to thwart the SEG bitcoin recognition rules. Current emails appear to be designed with very few searchable word patterns in them.

Cofense also says that scammers will likely continue to switch the accepted cryptocurrency to extend the scam and avoid phishing detection. The security platform encourages users to ignore phishing emails and take precautions with email addresses that have become a target of fraud.

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