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.
A Canadian phishing scammer has been exposed for stealing over $1 million in crypto and NFTs, according to a recent report. The perpetrator is believed to have used a malicious scam in order to gain access to user accounts and assets.