Police in Hong Kong have issued an alert about an SMS phishing scam, after it was revealed that over 446,000 in Binance user funds had been drained. Authorities have warned members of the public to exercise caution when handling online transactions.
A Kraken user lost $4.5 million USDT in a recent phishing scam targeting the cryptocurrency exchange. The scheme reportedly involved the user receiving emails that asked him to hastily update their crypto wallet information. Security experts warn of similar scams in the future.
Terra is taking proactive steps to combat phishing attacks by temporarily freezing their website in order to investigate and implement additional security measures.
Terra.money, known for its secure digital transactions, has temporarily frozen its website to protect customers from further phishing scams. The move follows reports of scams on social media and emails which have been circulating since the company’s launch.