The scam for cryptocurrency consists of sending the users the text message through the link to cancel the withdrawals. Thereby the leading users for fake website that is designed to harvest the login credentials. Changpeng Zhao, the Binance CEO warned about “huge phishing scam through SMS” targeting entire cryptocurrency exchange. Zhao also mentioned in the tweet, “There is huge phishing scam that is done through SMS with the link for canceling the withdrawals. It also leads to the phishing website for harvesting the credential. It is even very important that you should never click on the links from SMS!”
Cryptocurrency Scams!
The SMS Phishing scam is basically when the hackers send the text messages. These are well design to steal any kind of the personal details or any kind of the financial information. This is irrespective of even pretending to be the much reputable site, and also getting you to simply download the malware in your mobile phone through such SMS.
As per the shared screenshot by CEO, this scam consists of sending the users a text message. It is through the link for simply canceling the withdrawals. Thereby leading users to any such kind of the malicious website which are well engineer to harvest login credentials. For this time, it is much unclear about the number of the Binance customers that had fallen the victim for such kind of the scam.
The Scams as well as heist are quite common occurrence in entire crypto world. The crypto analytics mentioned illicit address that hold more than $10 billion worth of the cryptocurrencies, with mainly this held through wallets of cryptocurrency theft. On the other hand, the Customers that are getting defraud in it and different kind of the ways stays to be the common feature of entire crypto industry on key exchanges.
