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Reading: Alert for Crypto Enthusiasts: Beware of Phishing Scams Disguised as Patreon Emails
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Latest cryptocurrency news > CRYPTOCURRENCY SECURITY > Alert for Crypto Enthusiasts: Beware of Phishing Scams Disguised as Patreon Emails
CRYPTOCURRENCY SECURITY

Alert for Crypto Enthusiasts: Beware of Phishing Scams Disguised as Patreon Emails

BH NEWS
Last updated: 29 January 2024 14:00
BH NEWS 2 years ago
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Crypto users on social media have been warned about a new phishing scam involving emails that seemingly originate from Patreon. These fraudulent emails are tied to fake crypto projects and are part of a scheme to gain access to users’ cryptocurrency wallets.

The phishing attacks were first reported on January 23, with users receiving emails about non-existent airdrop events from supposed Patreon content creators. These emails impersonated legitimate projects such as Chainlink, Solana, Manta Network, and Sui.

Addressing the Phishing Concerns

Patreon Support acknowledged the issue on January 25, stating they had resolved a problem with email verification and unauthorized follows from a crypto account posing as a Patreon creator. A screenshot from a Patreon email confirmed the malicious nature of these attempts and reassured that the issue had been corrected.

Despite these assurances, some users have reported continued receipt of phishing emails. One user on Reddit highlighted the persistence of these fraudulent communications, having deleted multiple emails related to a fake Manta airdrop event.

In the broader context, Scam Sniffer, a blockchain security platform, reported that phishing scams affected over 324,000 crypto users in 2023, with losses totaling $295 million. However, concerted efforts by the crypto community, governments, and security firms have led to a decrease in the impact of these scams, deterring potential attackers.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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