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Fake Zoom Patch Scam Drains $300 Million in Crypto, SEAL Warns

Key Takeaways

  • North Korean hackers use fake Zoom calls via Telegram to install malware that steals passwords and crypto keys, which causes over $300 million in losses;
  • Victims should disconnect devices, move crypto to new wallets, reset passwords, enable 2FA, and wipe memory after exposure;
  • The scam spreads through hijacked Telegram accounts; users must secure their accounts, end sessions, and warn their contacts immediately.

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Fake Zoom Patch Scam Drains $300 Million in Crypto, SEAL Warns

Security Alliance (SEAL) reported that a scam involving deceptive Zoom sessions linked to North Korean hackers has become a widespread threat.

SEAL revealed that victims first receive messages via Telegram that appear to come from known contacts.

Once the meeting begins, the attackers pretend there are audio problems. They then send a fake Zoom patch that secretly infects devices with malware when victims open it.

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That software captures sensitive details such as passwords and private cryptographic keys, which can potentially drain crypto funds.

Security researcher Taylor Monahan estimates that this scam has already resulted in losses of over $300 million in digital assets.

Monahan warned that if a suspicious link is clicked during one of these fake calls, disconnecting the device from Wi‑Fi and powering it off should be the first step.

Additionally, transferring any remaining crypto to fresh wallets using a different device, updating all passwords, enabling two‑factor authentication (2FA), and performing a complete memory wipe are essential precautions.

Securing the Telegram account used in the scam is also critical. That includes reviewing connected devices in settings, ending all other sessions, changing the password, and enabling stronger authentication.

The scam spreads when attackers access a Telegram account and use its contact list to keep finding new victims. Monahan emphasizes that individuals whose accounts are compromised must immediately alert contacts to avoid further harm.

Recently, a San Jose widow lost nearly $1 million after trusting a man she met online who lured her into a fake crypto investment. How did the incident happen? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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