Binance users are reportedly receiving a text message to stop an alleged unauthorized withdrawal that redirects them to a fake site that steals their cryptocurrencies.
The CEO of Binance Changpeng Zhao, is alerting users of the world’s leading cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. about a “massive” phishing scam being carried out via text messages.
Zhao, nicknamed ‘CZ’, went on Friday to Twitter to report that apparently some customers of the platform have been receiving text messages (SMS) to their mobile phones with a supposed link to cancel unauthorized withdrawals. The link would lead users to a fake site that mimics a Binance to steal your credentials and empty your cryptocurrency wallet.
There is a massive phishing when a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate. scam a scheme that is designed to dupe people out of cash or crypto. via SMS with a link to cancel withdrawals. It leads to a phishing website to collect your credentials as seen in the screenshot below. NEVER click on SMS links. Always go to http://Binance.com through a marker or by typing.
There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website to harvest your credential as in the screenshot below.
NEVER click on links from SMS!
Always go to https://t.co/9rMMAmtCxH via a bookmark or type it in.
– CZ changpeng Zhao (CZ) is the founder of crypto exchange Binance. ???? Binance (@cz_binance)February 4, 2022
The CEO’s alert message includes an image showing the fraudulent message that has allegedly reached some of the users. “ [Binance] A withdrawal has been requested from an unknown IP address. If it wasn’t you, please follow these steps “, says the message from the scammers along with a link.
As such, the The scam consists of sending users a text message posing as the platform a place to buy, sell and store cryptocurrency with a link to cancel supposed withdrawals. The link in question then leads them to a fake website designed to collect their login credentials and steal their cryptocurrency funds.
The modality of the scam is what is known as ‘. phishing ‘, a type of attack in which cyber fraudsters mimic a trusted company, website or application to steal passwords and extract funds.
Phishing scams and other crypto hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. attacks
These types of scams, which frequently target banking and other financial services users, are no strangers to the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. space. At the end of last year, a research found that a series of phishing attacks targeting crypto-wallet users such as Metamask an online digital wallet that allows users to manage, transfer and receive Ethereum, operating as an extension to a regular browser. y Phantom had stolen more than $500,000 in cryptocurrencies.
Shortly after, DiarioBitcoin reported the story of a collector de tokens (NFTs) who lost more than $2 million in various digital assets from valuable collections. The theft of the NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). occurred when the user accessed a contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. on a platform that appeared to be genuine.
Phishing attacks are one of the many fraudulent strategies used by fraudsters. hackers to steal cryptocurrencies. Just this week the digital currency space witnessed one of the biggest hacks of recent times when the protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. cross-chain cross-chain is a technology that enhances the interconnection between blockchain networks by allowing the exchange of information and value. Wormhole suffered a exploit de USD $325 millones .
Be aware of these types of threats, Binance recently announced a $1 billion fund to cover possible piracy attacks. This lifeline is applied to compensate the victims of hackeos that occur when the “ security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. measures “The exchange fails, so it does not cover losses caused by phishing attacks.
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Article by Hannah Estefania Perez / DiarioBitcoin
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