GreedyBear scam group ramps up crypto theft to ‘industrial scale’

A cybercrime group dubbed “GreedyBear” has stolen over $1 million in crypto using hundreds of fake wallet extensions, malware types, and scam websites, says Koi Security.

A malicious campaign has netted more than $1 million in stolen crypto using a trifecta of attack types through hundreds of browser extensions, websites and malware, says cybersecurity firm Koi Security.

Koi Security researcher Tuval Admoni said on Thursday that the malicious group, which the company dubbed “GreedyBear,” has “redefined industrial-scale crypto theft.”

“Most groups pick a lane — maybe they do browser extensions, or they focus on ransomware, or they run scam phishing sites — GreedyBear said, ‘why not all three?’ And it worked. Spectacularly,” Admoni said.

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