Tether’s CEO, Paolo Ardoino, warns against fraudulent airdrop emails following a compromise of a crypto mailing list vendor. This breach has raised concerns about potential scams targeting users within the crypto industry.
Ardoino confirmed the compromised vendor used by crypto companies to manage mailing lists, urging caution when receiving unsolicited emails, especially regarding crypto airdrops. He advised against clicking on links or downloading attachments from unknown sources to prevent falling victim to scams.
CoinGecko, a cryptocurrency tracking site, is among the entities affected by the supply chain email breach attack. They are working closely with their vendor to assess the extent of the breach. Ardoino has highlighted the possibility of a targeted supply chain attack against the crypto industry.
In a separate incident, scammers in South Korea are targeting Ethereum holders with alarming text messages warning of ETH coins being “burned” if action is not taken. These messages, allegedly from a fake global exchange called Bit-Finance, aim to trick users into clicking on phishing links to protect their funds. Authorities in South Korea have noted a rise in cybercrimes related to virtual assets, including crypto-themed phishing scams.
The Canadian Anti-Fraud Centre (CAFC) has also issued warnings about the increase in cryptocurrency scams targeting Canadian citizens, including pig butchering, romance, and investment scams. These scams often involve fraudsters posing as friends, romantic partners, or investment advisers to lure victims into fake crypto investment schemes promising unrealistic returns.
In response to the rise in crypto scams, Canada plans to adopt the international Crypto-Asset Reporting Framework (CARF) by 2026, introducing new reporting requirements for crypto-asset service providers to combat fraudulent activities effectively. Citizens are encouraged to report any fraud incidents to help authorities track and address these scams.