Liquidity mining financial fraud – scam in the crypto hype
In its investigation, Sophos explains how liquidity mining – the latest cryptocurrency investment craze – is being used as a platform by cybercriminals. "The mechanics of liquidity mining, in its legitimate form, provide the perfect camouflage for what are essentially old-fashioned scams, reimagined for the cryptocurrency age." Sean Gallagher, Senior Threat Researcher, Sophos. With the article Liquidity Mining Scams Add Another Layer to Cryptocurrency Crime, Sophos kicks off a series of how scammers are exploiting the hype around cryptocurrency trading to lure and scam potential investors. In the…