Man-in-the-middle attacks

In man-in-the-middle attacks, the fraudster places himself between the user and the application, organization, or other person and communicates on behalf of that counterparty to steal assets or sensitive information such as private keys. The three main categories of man-in-the-middle attacks include emotional, investment, and e-commerce fraud.

Emotional fraud. In this scenario, the scammer pretends to have an online relationship with their victim. Once he gains the victim's trust, he manipulates him into helping him with his financial problems, sending some money or digital currencies, or sharing sensitive information such as private keys, and quickly disappears after achieving his malicious goals.

Investment fraud. An investment scam involves the scammer contacting the victim and convincing him or her of an investment opportunity in a particular entity. By acting as an “intermediary” between the victim and the investment destination, the fraudster can direct the user’s money wherever he wants under the pretext of “investment.”

E-commerce fraud. An e-commerce scam involves the scammer posing as an online seller selling in-demand goods at discounted prices. He insists that the victim pay in digital currency to his wallet and once he does so, he disappears without delivering the products he promised.$BTC