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DeepSeek’s Evolving Tactics Amplify the Fraud and Phishing Threat

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The rapid growth of Chinese artificial intelligence firm DeepSeek is drawing attention not just for its technological advancements but also for an alarming increase in cyber threats capitalizing on its success.

Cyble Research and Intelligence Labs (CRIL) has uncovered multiple phishing campaigns, fraudulent investment schemes, and malware attacks exploiting DeepSeek’s popularity, raising serious concerns for its users and the broader public.

Phishing Campaigns Targeting Crypto Wallets

DeepSeek’s AI Assistant app recently became the most downloaded free app on the iOS App Store, surpassing even OpenAI’s ChatGPT.

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However, this success has made it a prime target for cybercriminals.

CRIL identified several fraudulent websites mimicking DeepSeek’s platforms, luring users into crypto phishing schemes.

deepseeks
Crypto phishing website impersonating DeepSeek

These sites include links such as abs-register[.]com and deep-whitelist[.]com, among others.

The attackers’ methods typically involve prompting users to connect their cryptocurrency wallets, such as MetaMask or WalletConnect, by scanning QR codes.

Once the QR codes are scanned, wallet credentials are compromised, leading to financial losses.

These phishing schemes exploit DeepSeek’s popularity, preying on unsuspecting users who may not recognize the deceit.

Fake Tokens and Investment Scams

In addition to phishing, fraudulent DeepSeek-branded cryptocurrency schemes have surfaced.

Websites such as deepseek-ai[.]cloud and deepseek-shares[.]com falsely claim to offer exclusive DeepSeekAI Agent tokens or pre-IPO shares of the company.

deepseeks
A Website collecting PII

According to CRIL’s analysis, these scams involve honeypot wallet addresses that lock users’ funds upon deposit, making withdrawals impossible.

For example, a wallet address associated with one such fake token, 0x27238b76965387f5628496d1e4d2722b663d2698, has been blacklisted as part of a confirmed scam.

Furthermore, DeepSeek has made no announcements regarding any token or IPO offerings, rendering such claims baseless and fraudulent.

CRIL also uncovered malware delivery attempts using DeepSeek as a guise.

Cybercriminals have distributed malicious software like AMOS Stealer through websites falsely offering DeepSeek app downloads for Windows, iOS, and Android devices.

While some of these websites remain under development, malicious DeepSeek-branded files have already been detected in the wild.

With the growing exploitation of DeepSeek’s reputation, Cyble advises users to remain vigilant. Key security measures include:

  • Verifying official sources before downloading apps or making investments.
  • Avoiding QR codes or URLs shared through unverified websites or emails.
  • Using updated antivirus software and secure internet practices.

DeepSeek’s meteoric rise highlights both the promise and risks that come with AI’s expanding influence.

While the company’s innovations are reshaping AI accessibility, they are also being leveraged by cybercriminals for financial exploitation.

As these threats evolve, users and organizations must prioritize cybersecurity to mitigate risks and protect sensitive information.

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Aman Mishra
Aman Mishra
Aman Mishra is a Security and privacy Reporter covering various data breach, cyber crime, malware, & vulnerability.

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