{"id":611626,"date":"2024-06-05T21:00:12","date_gmt":"2024-06-05T21:00:12","guid":{"rendered":"https:\/\/ktsl888.com\/?p=611626"},"modified":"2024-06-05T16:50:02","modified_gmt":"2024-06-05T16:50:02","slug":"fake-crypto-airdrop-tethers-ceo-warns-of-ongoing-supply-chain-email-exploit","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/fake-crypto-airdrop-tethers-ceo-warns-of-ongoing-supply-chain-email-exploit\/","title":{"rendered":"Fake Crypto Airdrop: Tether\u2019s CEO Warns Of Ongoing Supply Chain Email Exploit"},"content":{"rendered":"

Tether’s CEO Paolo Ardoino has alerted the crypto space to another wave of supply chain email scams in an X post. The CEO urged the community to exercise extreme caution while the issue is resolved.<\/p>\n

Related Reading: Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kitty\u2019s Return<\/a><\/div>\n

Exciting News: It\u2019s A Scam!<\/h2>\n

On Wednesday, online reports surfaced of suspicious emails being sent to the crypto community. Per the reports, investors received emails from crypto companies offering an upcoming token airdrop.<\/p>\n

First, users received emails from Bitfinex announcing \u201cexciting news\u201d for the exchange<\/a>. The email revealed an upcoming ERC20 airdrop of their \u201cnew $BFX token\u201d for all Bitfinex users. The reason behind the airdrop was the recent approval of Ethereum spot exchange-traded funds (ETF).<\/p>\n

The email offered a \u201cclaim now\u201d link that redirected to a website asking to connect to the user\u2019s wallet<\/a>. Despite the suspicious look of the email, investors doubted its legitimacy as it came from the crypto platform\u2019s official address.<\/p>\n

\"crypto
Unauthorized email sent from Bitfinex’s address. Source: @a_vaunt<\/a><\/figcaption><\/figure>\n

After being tested by the community, it was quickly revealed that the lookalike website was a scam page. An X user tested<\/a> the page with an empty wallet and found they were \u201cnot eligible\u201d for the airdrop.<\/p>\n

However, the user tried Rabby Wallet\u2019s watch-only feature with a VB wallet. The user found that all the ETH \u201cwould be sent to another wallet, so there was no airdrop for vb.\u201d The destination wallet was empty, which suggested that the scam generated a new wallet for each victim.<\/p>\n

The user confirmed the theory after testing it with a second wallet. This tactic would make tracking the number of victims and the money involved more difficult.<\/p>\n

Likewise, several users reported<\/a> receiving strange emails from Coinbase asking to verify secondary addresses. The racist email claimed that the crypto exchange was shutting down and stated that all funds would be lost if they didn\u2019t verify their secondary email for withdrawal authorization.<\/p>\n

The email also came from the official Coinbase address. However, the post was unauthorized as the sender used racial slurs and doxed himself.<\/p>\n

Paolo Ardoino Warns Of Ongoing Crypto Scam<\/h2>\n

Tether and Bitfinex\u2019s CEO, Paolo Ardoino, took X to address<\/a> the situation. In his post, Ardoino revealed he had received reports from two independent sources confirming that a prominent vendor used by crypto companies had suffered a security breach.<\/p>\n

The vendor, which was not named, manages the mailing lists of several important crypto companies. Similarly, CoinGecko\u2019s COO Bobby Ong warned users about the ongoing supply chain email attack targeting the community:<\/p>\n

\n

Several crypto companies may be affected via email blasts of fake token launches. Be careful with email newsletters in the coming days.<\/p>\n<\/blockquote>\n

Despite being affected by the security breach, Ong assured<\/a> users that CoinGecko\u2019s website and mobile app had not been impacted and were safe to use. \u00a0Moreover, he clarified that the crypto-tracking website was not launching a token, nor did it have plans to.<\/p>\n

It\u2019s worth noting that this is not the first time a supply chain email attack has targeted the crypto industry. In January, a massive phishing campaign<\/a> drained around $600,000 from investors after a scammer sent unauthorized emails from different crypto-related companies.<\/p>\n

Related Reading: Ethereum (ETH) Set For \u2018Glorious Year,\u2019 Analyst Eyes $10,000 Target<\/a><\/div>\n

It was revealed at the time that a member of the exploited vendor\u2019s customer support team became the initial point of compromise. As of this writing, there are no official reports of affected users or lost funds yet.<\/p>\n

\"ETH,
Ethereum (ETH) is trading at $3,818 in the three-day chart. Source: ETHUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Tether’s CEO Paolo Ardoino has alerted the crypto space to another wave of supply chain email scams in an X post. The CEO urged the community to exercise extreme caution while the issue is resolved. Related Reading: Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kitty\u2019s Return Exciting News: It\u2019s A Scam! On Wednesday, online reports surfaced of suspicious emails being sent to the crypto community. Per the reports, investors received emails from crypto companies offering an upcoming token airdrop. First, users received emails from Bitfinex announcing \u201cexciting news\u201d for the exchange. The email revealed an upcoming ERC20 airdrop of their \u201cnew $BFX token\u201d for all Bitfinex users. The reason behind the airdrop was the recent approval of Ethereum spot exchange-traded funds (ETF). The email offered a \u201cclaim now\u201d link that redirected to a website asking to connect to the user\u2019s wallet. Despite the suspicious look of the email, investors doubted its legitimacy as it came from the crypto platform\u2019s official address. After being tested by the community, it was quickly revealed that the lookalike website was a scam page. An X user tested the page with an empty wallet and found they were \u201cnot eligible\u201d for the airdrop. However, the user tried Rabby Wallet\u2019s watch-only feature with a VB wallet. The user found that all the ETH \u201cwould be sent to another wallet, so there was no airdrop for vb.\u201d The destination wallet was empty, which suggested that the scam generated a new wallet for each victim. The user confirmed the theory after testing it with a second wallet. This tactic would make tracking the number of victims and the money involved more difficult. Likewise, several users reported receiving strange emails from Coinbase asking to verify secondary addresses. The racist email claimed that the crypto exchange was shutting down and stated that all funds would be lost if they didn\u2019t verify their secondary email for withdrawal authorization. The email also came from the official Coinbase address. However, the post was unauthorized as the sender used racial slurs and doxed himself. Paolo Ardoino Warns Of Ongoing Crypto Scam Tether and Bitfinex\u2019s CEO, Paolo Ardoino, took X to address the situation. In his post, Ardoino revealed he had received reports from two independent sources confirming that a prominent vendor used by crypto companies had suffered a security breach. The vendor, which was not named, manages the mailing lists of several important crypto companies. Similarly, CoinGecko\u2019s COO Bobby Ong warned users about the ongoing supply chain email attack targeting the community: Several crypto companies may be affected via email blasts of fake token launches. Be careful with email newsletters in the coming days. Despite being affected by the security breach, Ong assured users that CoinGecko\u2019s website and mobile app had not been impacted and were safe to use. \u00a0Moreover, he clarified that the crypto-tracking website was not launching a token, nor did it have plans to. It\u2019s worth noting that this is not the first time a supply chain email attack has targeted the crypto industry. In January, a massive phishing campaign drained around $600,000 from investors after a scammer sent unauthorized emails from different crypto-related companies. Related Reading: Ethereum (ETH) Set For \u2018Glorious Year,\u2019 Analyst Eyes $10,000 Target It was revealed at the time that a member of the exploited vendor\u2019s customer support team became the initial point of compromise. As of this writing, there are no official reports of affected users or lost funds yet. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":611628,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[925,1393,84033,92268,14186,92504,10523,8323,1946,78803,17003,88618],"class_list":["post-611626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitfinex","tag-coinbase","tag-coingecko","tag-crypto-airdrop","tag-crypto-scam","tag-email-scam","tag-erc20","tag-eth","tag-ethereum","tag-ethusdt","tag-phishing-scam","tag-tether-ceo"],"acf":[],"yoast_head":"\nFake Crypto Airdrop: Tether\u2019s CEO Warns Of Email Scam<\/title>\n<meta name=\"description\" content=\"Tether\u2019s CEO has urged the crypto community to be cautious as there\u2019s a new supply chain email scam targeting investors.\" 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.\",\"url\":\"https:\/\/ktsl888.com\/author\/rubmargarcia\/\"}]}<\/script>\n","yoast_head_json":{"title":"Fake Crypto Airdrop: Tether\u2019s CEO Warns Of Email Scam","description":"Tether\u2019s CEO has urged the crypto community to be cautious as there\u2019s a new supply chain email scam targeting investors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/fake-crypto-airdrop-tethers-ceo-warns-of-ongoing-supply-chain-email-exploit\/","og_locale":"en_US","og_type":"article","og_title":"Fake Crypto Airdrop: Tether\u2019s CEO Warns Of Email Scam","og_description":"Tether\u2019s CEO has urged the crypto community to be 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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