Binance CEO Changpeng Zhao said on Twitter that, scammers sent SMS messages with a link to cryptocurrency investors stating that a withdrawal has been requested from an unknown IP address €nd click to the link to cancel the withdrawal request. However, the link leads to a phishing website that will steal credentials from investors.
https://twitter.com/cz_binance/status/1489545612718579715
There are crypto exchange that has been targeted by scammers using SMS scam tactics. In August 2021, the Nasdaq-listed cryptocurrency exchange Coinbase similarly warned of a phishing scam targeting Coinbase users.
Scammers have also tried other SMS messages to attract investors to click on their phishing links. According to some examples posted by Coinbase, one message reads, “New login. Not you? disable at [URL].” Several others inform investors that they have received some bitcoin, asking them to verify the transactions or simply view them.
Recently, Chainalysis revealed (blockchain analytics platform) that scammers raked in a record $14 billion in cryptocurrency in 2021. The firm also noted that Indians visited crypto scam websites almost 10 million times last year.
Read More:
