Tether CEO Paolo Ardoino and CoinGecko co-founder and COO Bobby Ong Both have issued warnings About a compromised email vendor.
Updates:
Another company confirmed this.
https://t.co/sD3OdPfecv— Paolo Ardoino 🤖🍐 (@paoloardoino) June 5, 2024
Follow the phishing
The identity of the seller has been kept secret as the investigation is ongoing, but the public has been warned that its services are used by many digital asset service providers. Users are advised to remain vigilant as the virus wave continues. Phishing Email Scams This is expected to happen following violations of promoting fraudulent airdrop distributions or token launches. Ong explained:
many crypto companies Fake token launches can be impacted via email blasts. […] No CoinGecko tokens are being planned, so don’t be fooled by phishing emails.
The issue of phishing attacks targeting the crypto space is not new. In January, several company emails, Including articles from Cointelegraph, TrezorToken Terminal and WalletConnect were hijacked. Last November, Nansen’s customers reported Receiving phishing emails following third-party vendor leak. Earlier this year, scammers hacked domain registrar Namecheap and targeted MetaMask users with malicious emails.
In May, a cryptocurrency trader Loss of $69 million In a sophisticated “address poisoning” scam, scammers create fake accounts mimicking the victim’s online crypto address and send small sums of money, hoping the victim will later accidentally send money to the fake address.
Cryptocurrency scams, including “pig baiting” scams, are becoming increasingly prevalent and costly for investors. Late last year, authorities in the United States Able to recover approximately $500,000 Pig slaughtering scams resulted in property losses.
In mid-March, Massachusetts prosecutors also took some action Digital assets worth $2.3 million seized from fraudsters to be returned For victims of the pig-butchering scam.
In an effort to mitigate this problem, major tech companies and crypto exchanges have Recently ‘Tech Against Scams’ coalition was formed To tackle the growing problem of online fraud and financial schemes, such as the pig-butcher scam. The alliance aims to share expertise, raise awareness and develop best practices to protect users from scammers exploiting new technologies such as AI and cryptocurrencies.
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