Crypto Scammers Target Creditors of FTX and BlockFi
Crypto scammers have set their sights on the creditors of bankrupt digital asset firms FTX and BlockFi, according to online blockchain sleuth Plumferno. These scammers are sending fraudulent emails to FTX and BlockFi claimants, offering them instant withdrawals of their remaining balances. The emails appear to come from the BlockFi restructuring team, providing an update on the court case and enticing users with the opportunity to withdraw their funds.
The Scam and Stolen Funds
These scammers have taken advantage of the frustrations faced by creditors who have been waiting for their reimbursements since October 2023. As a result, they have managed to amass at least $7 million worth of digital assets through this sophisticated phishing scam. It has been carried out by one of Pink Drainer’s customers, a threat group known for targeting cryptocurrency investors.
Unaware Victims
What makes this scam particularly alarming is that many victims are unaware that they are being robbed. Most of the stolen assets have come from dormant wallets owned by individuals who were likely affected by the BlockFi bankruptcy but haven’t accessed their funds since then.
Email Scam Extends to FTX Creditors
This email scam isn’t limited to BlockFi creditors alone; it has also targeted FTX users. The scammers send a reimbursement update email disguised as an official communication from FTX. The email claims that the company is undergoing restructuring efforts and assures users that they can now withdraw their assets in full.
Compromised Email Database
Plumferno discovered that the scammers obtained a network of compromised emails from a previous breach that occurred in January. The MailerLite database breach is likely the source of these stolen email addresses. The same sender information is present in both the fake BlockFi and FTX emails, suggesting a connection.
Conclusion
Crypto scammers continue to find new ways to exploit unsuspecting individuals in the industry. By impersonating legitimate companies like BlockFi and FTX, they gain the trust of their victims and trick them into revealing sensitive information or transferring their funds. It’s crucial for crypto users to remain vigilant and skeptical of any unsolicited emails or messages they receive. Verifying the authenticity of such communications through official channels is essential to avoid falling victim to these scams.
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