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COINTURK NEWS > Cryptocurrency Security > Scammers Ramp Up Efforts in the Cryptocurrency Market
Cryptocurrency Security

Scammers Ramp Up Efforts in the Cryptocurrency Market

In Brief

  • Scammers increase activities with rising crypto markets.

  • Uniswap founder warns of new scam methods.

  • Investors advised to be skeptical of professional-looking scams.

COINTURK NEWS
COINTURK NEWS 1 year ago
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With the rise of the cryptocurrency markets, it seems that scammers are also increasing their efforts. They are developing various methods. Today, we issued a warning about attacks carried out using a different method. The announcement from the DWF team focused on scammers posing as company employees. The founder of Uniswap warned of a different method.

Contents
Uniswap Founder Issues WarningScammers Continue Their Operations

Uniswap Founder Issues Warning

Hayden Adams, the founder of the DeFi platform Uniswap, is a name closely followed by the crypto community. Various scamming methods are being developed around such popular figures. Fake YouTube live streams, fake social media accounts, fake profiles on other social media sites, and much more. Now, scammers keeping up with Web3 have started using fake Ethereum Name Service (ENS) addresses.

On February 14th, Adams shared the following image, exposing the scammers’ new method. When users paste their wallet address into certain crypto interfaces, a fake ENS address appears as the top suggestion, and those who don’t pay attention end up sending crypto to an address that belongs to scammers but is masked as Adams’ address.

Adams believes that in order to prevent such attacks, cryptocurrency platforms need to regularly filter and even block addresses ending with .ens.

Scammers Continue Their Operations

Cryptocurrency investors have been sharing their complaints against an increasing number of scam emails. Emails that appear to be from companies are actually directed by scammers. Mail campaigns announcing fake airdrops, pretending to be from WalletConnect, Token Terminal, and other crypto companies, create highly convincing scenarios.

FTX bankruptcy committee or any crypto company might send emails that look so professional at first glance that you can’t tell if they’re genuine or not. At this point, it’s important for investors to always be skeptical and to verify multiple times before making any transactions.

A security breach at MailerLite directly led to scam emails that looked like they were from companies reaching victims, resulting in a reported loss of $3.3 million. There is a possibility that they could directly hack email services and send these from real addresses. They can also do this without hacking the mail service, using advanced masking techniques.

Although it may seem unbelievable, masking techniques in attacks have even led to victims in Turkey receiving calls from what appeared to be the number 155 or different corporate numbers.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 14 February, 2024 - 10:52 pm 14 February, 2024 - 10:52 pm
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