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Yeah, I shouldn't have said easy, but easier to make millions that way than trying to create a legitimate startup or something. And you're right, there are cer
by meowface 5y ago
Yeah, I shouldn't have said easy, but easier to make millions that way than trying to create a legitimate startup or something.
And you're right, there are certain kinds of scams that are possibly more lucrative for way less effort. A lot of these ransomware gangs started years ago when such scams weren't quite so lucrative. I wouldn't be surprised if many are pivoting into cryptocurrency-related scams and heists.
If you're ignoring effort, though, that one Twitter hack with the BTC-doubling scam made about $100k over a few hours, and that was with access to the top accounts on the platform.
According to a random Google search, a ransomware operator makes an average of $300k per company-ransoming. If you're getting 5 companies to pay you an average of that much per week, it's probably more lucrative than any giveaway scam, even if it takes a lot more effort and skill. And if you're getting more than 5 companies per week, it might be more lucrative than almost any kind of scam.