Brian Krebs writes via KrebsOnSecurity: Fraudsters are flooding Discord and other social media platforms with ads for hundreds of polished online gaming and wagering websites that lure people with free credits and eventually abscond with any cryptocurrency funds deposited by players. Here's a closer look at the social engineering tactics and remarkable traits of this sprawling network of more than 1,200 scam sites. The scam begins with deceptive ads posted on social media that claim the wagering sites are working in partnership with popular social media personalities, such as Mr. Beast, who recently launched a gaming business called Beast Games. The ads invariably state that by using a supplied "promo code," interested players can claim a $2,500 credit on the advertised gaming website. The gaming sites all require users to create a free account to claim their $2,500 credit, which they can use to play any number of extremely polished video games that ask users to bet on each action. At the scam website gamblerbeast[.]com, for example, visitors can pick from dozens of games like B-Ball Blitz, in which you play a basketball pro who is taking shots from the free throw line against a single opponent, and you bet on your ability to sink each shot. The financial part of this scam begins when users try to cash out any "winnings." At that point, the gaming site will reject the request and prompt the user to make a "verification deposit" of cryptocurrency -- typically around $100 -- before any money can be distributed. Those who deposit cryptocurrency funds are soon asked for additional payments. However, any "winnings" displayed by these gaming sites are a complete fantasy, and players who deposit cryptocurrency funds will never see that money again. Compounding the problem, victims likely will soon be peppered with come-ons from "recovery experts" who peddle dubious claims on social media networks about being able to retrieve funds lost to such scams. [...] [T]hreat hunting platform Silent Push reveals at least 1,270 recently-registered and active domains whose names all invoke some type of gaming or wagering theme. Here is a list of all domains that Silent Push found were using the scambling network's chat API.Read more of this story at Slashdot.