CRYPTO NEWS: CIRCLE ISSUES A WARNING ABOUT SCAMMERS.

CIRCLE ISSUES A WARNING ABOUT SCAMMERS
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CIRCLE ISSUES A WARNING ABOUT SCAMMERS PREYING ON USDC TRADERS. ONLY THE SECOND QUARTER OF THIS YEAR SAW AN INCREASE IN PHISHING ATTEMPTS OF 170%, FROM 106 IN THE FIRST QUARTER TO 290 IN THE SECOND.

THE COMPANY THAT CREATED THE USDC STABLECOIN, CIRCLE, HAS ISSUED A WARNING ABOUT AN ONGOING PHISHING CAMPAIGN THAT AIMS TO TRICK USERS INTO SENDING TOKENS TO FRAUDULENT ADDRESSES. ACCORDING TO THE TWEET, THE CYBERCRIMINALS PRETENDED TO WORK WITH CENTRE, A GROUP THAT COINBASE AND CIRCLE CREATED.

CIRCLE ISSUES A WARNING ABOUT SCAMMERS:

CIRCLE ISSUES A WARNING ABOUT SCAMMERS
CIRCLE ISSUES A WARNING ABOUT SCAMMERS PREYING ON USDC TRADERS

STATEMENT FROM CIRCLE:

ACCORDING TO CIRCLE, THERE IS NO NEW VERSION OF THE USDC COIN AVAILABLE IN THE MARKET, AND THE COMPANY IMPLORES CUSTOMERS NOT TO FALL FOR THE FRAUD.

PSA WARNING: A PHISHING CAMPAIGN IS NOW UNDERWAY IN AN EFFORT TO TRICK USERS INTO SENDING #USDC TOKENS TO FRAUDULENT ADDRESSES. THE CON ARTISTS POSE AS BEING FROM CENTER. THERE ISN’T A BRAND-NEW VERSION OF USDC AVAILABLE. PLEASE DON’T BE DUPED BY THIS.

JEREMY ALLAIRE, THE CEO AND FOUNDER OF CIRCLE, RECENTLY SENT A LETTER TO CONGRESSIONAL LEADERS FOR FINANCIAL SERVICES ENCOURAGING THEM TO PASS CLEAR, PRACTICAL LAWS ON STABLECOINS IN THE UNITED STATES AND WARNED THAT FAILURE TO DO SO WILL BRING MORE THREATS TO THE NATION.

CONTINUAL PHISHING SCAMS:

ON THE OTHER HAND, DURING THE BEAR MARKET, PHISHING ACTIVITY WAS PROMINENT. THE MOST RECENT DISCOVERY COMES JUST DAYS AFTER A PHISHING ATTEMPT WAS DISCOVERED THAT AIMED TO GET BEYOND MULTI-FACTOR AUTHENTICATION, ACCESS ACCOUNTS ON CRYPTOCURRENCY EXCHANGES LIKE CRYPTO.COM, METAMASK, COINBASE, AND KUCOIN, AND STEAL CRYPTOCURRENCY ASSETS.

IN ORDER TO HOST A SYSTEM OF MALICIOUS WEBSITES AND ENTICE VICTIMS TO THEM, THE SCAMMER’S FIRMS ALLEGEDLY USED THE MICROSOFT AZURE WEB – BASED APPLICATION SERVICE, ACCORDING TO BLEEPINGCOMPUTER. THESE COMMUNICATIONS ALLEGEDLY PRETENDED TO BE REQUESTS FOR CONFIRMATION OF FRAUDULENT TRANSACTIONS OR ALERTS OF SUSPICIOUS ACTIVITY.

MORE RECENTLY, A SHODDY “DEEP FAKE” VIDEO PURPORTING TO BE SAM BANKMAN-FRIED, THE FORMER CEO OF THE CRYPTOCURRENCY EXCHANGE FTX, CIRCULATED ON TWITTER IN AN EFFORT TO CON THOSE WHO HAD LOST MONEY DUE TO THE COLLAPSE OF THE EXCHANGE.

ADDITIONALLY, A LARGE GROUP OF PROFESSIONAL “KNOW YOUR CUSTOMER” (KYC) ACTORS ARE BEING USED BY SHADY BLOCKCHAIN DEVELOPERS AND CON ARTISTS TO DECEIVE CRYPTOCURRENCY INVESTORS, ACCORDING TO A RECENT ANALYSIS BY BLOCKCHAIN SECURITY SPECIALIST CERTIK.

IN ORDER TO ACQUIRE THE TRUST OF THE CRYPTOCURRENCY COMMUNITY BEFORE PULLING A RUG, THE ACTORS IN QUESTION GO THROUGH THE KYC PROCEDURES ON BEHALF OF THE SCAM PROJECT OWNERS.

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CRYPTO NEWS: CIRCLE ISSUES A WARNING ABOUT SCAMMERS.

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