Blog | G5 Cyber Security

World’s Largest Spam Botnet Is Pumping and Dumping an Obscure Cryptocurrency

Necurs, the world’s largest spam botnet, is sending millions of spam emails that push an obscure cryptocurrency named Swisscoin. Such spam emails are known as pump-and-dump, and the technique relies on sending large quantities of spam to drive interest up towards a particular penny stock. Swisscoin, an altcoin described as a Multi-Level-Marketing (MLM) ponzi scheme) last year, lost 40% of its initial trading price since the Necurs spam started spreading.

Source: https://www.bleepingcomputer.com/news/cryptocurrency/worlds-largest-spam-botnet-is-pumping-and-dumping-an-obscure-cryptocurrency/

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