Circle Issues: Warning about Scammers Poaching USDC Users
Circle, the company that created USDC stablecoins, has warned users about a phishing campaign to trick them into sending tokens to false addresses.
“PSA WARNING”: A phishing campaign is underway to trick users into transferring #USDC tokens at malicious addresses. They pretend to be from Centre. There is no new version of USDC on the market. Do not fall for this.
Jeremy Allaire, Circle CEO and founder, wrote a letter to Congress asking for clear and practical legislation regarding stablecoins in the United States. He also warned that phishing activity was common during the bear market. The most recent development comes just days after a phishing campaign was discovered that aimed to get past multi-factor authentication, access accounts on cryptocurrency exchanges like Coinbase, MetaMask, Crypto.com, and KuCoin, and steal cryptocurrency assets.The scammer’s companies, according to BleepingComputer, exploited the Microsoft Azure Web Apps service to host a network of phishing sites and entice victims to them with phishing messages pretending 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 big 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.Before carrying out their plan, the actors in issue go through the KYC procedure on behalf of the owners of fraudulent projects.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoincu NewsTags: CircleJeremy Allaireknow your customerscammersUSDC stablecoinUSDC tokensUSDC Users