Simple Money Goal
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
No Result
View All Result
Simple Money Goal
No Result
View All Result
Home Investing

New Scam: Fake Patreon Accounts Used to Promote Malicious Crypto Projects

by
January 29, 2024
in Investing
0
New Scam: Fake Patreon Accounts Used to Promote Malicious Crypto Projects

Crypto users have raised concerns about a surge in phishing emails with crypto-themed content, originating from the popular content creator platform Patreon.

According to reports on social media platforms such as X and Reddit, scammers are signing up users’ email addresses for Patreon accounts and then using those accounts to send malicious emails promoting fake crypto projects.

The first reports of these phishing attempts emerged on January 23, with affected users sharing their experiences of receiving fraudulent airdrop offers from Patreon creators impersonating well-known cryptocurrencies like Chainlink (LINK) and Solana (SOL).

“PatreonSupport when are you gonna deal with those crypto scammers creating accounts with other people’s emails and spamming them?” one user wrote.

Crypto guys

The scammers are getting smarter and smarter.

I received the email on the left and I ignored cos I didn’t register for patreon

After a few minutes, I received another mail (second frame)

I clicked and I met this (third frame).

This is clearly a scam although… pic.twitter.com/FEtKWboKvv

— King Jeremy (@JeremyofCrypto) January 28, 2024

Patreon Says it Has Addressed the Issue


In response to one crypto user, Patreon Support acknowledged the problem and claimed that it had been resolved.

The platform explained that the incident involved a combination of email verification issues and a follow-up from a crypto account falsely claiming to be a Patreon creator.

They assured users that affected accounts were being addressed and the situation had been rectified.

However, despite these assurances, several users on X reported receiving scam emails even after the supposed fix.

“I deleted 6 Patreon emails today, all talking about a ‘Manta’ airdrop,” Reddit user “PhaseEquivalent3529” said on January 28.

Another user, “fdlowe,” expressed skepticism about the effectiveness of the additional protections implemented by Patreon.

Phishing scams continue to pose a significant threat to the crypto community.

According to blockchain security platform Scam Sniffer, over 324,000 cryptocurrency users fell victim to phishing scams in 2023, resulting in a total loss of $295 million.

As the frequency and sophistication of scams targeting crypto users increase, it is crucial for individuals to remain vigilant and adopt best practices to protect their assets and personal information.

Verifying the legitimacy of emails, being cautious of suspicious requests, and utilizing two-factor authentication are among the recommended measures to safeguard against phishing attacks.

2023 Sees Decline in Hacking Incidents


Despite losing around $2 billion to crypto thefts, 2023 saw a slight decline in hacking incidents targeting the cryptocurrency industry.

According to a recent report from De.FI, a prominent web3 security firm known for its REKT database, hackers managed to pilfer $2 billion in digital assets throughout the year.

While that amount is still alarming, it marks the first decrease in crypto hacking incidents since 2021.

The REKT database ranks the most devastating crypto hacks, ranging from the historic breach of the Ronin network in 2022, where hackers looted over $600 million in crypto, to the recent attack on Mixin Network, resulting in a haul of approximately $200 million.

“This cumulative amount of stolen funds, spread across multiple incidents, highlights the ongoing vulnerabilities and challenges within the DeFi ecosystem,” stated De.FI in its report.

“2023 served as a testament to both the persisting vulnerabilities and the progress made in addressing them, despite muted interest in the space during the first half of the year due to the ongoing bear market.”

The post New Scam: Fake Patreon Accounts Used to Promote Malicious Crypto Projects appeared first on Cryptonews.

Previous Post

South Korean Web3 Music Service Somesing Loses $11.58 Million in Token Exploit

Next Post

Top Chinese Asset Manager Moves to Launch Bitcoin ETF in Hong Kong

Next Post
Top Chinese Asset Manager Moves to Launch Bitcoin ETF in Hong Kong

Top Chinese Asset Manager Moves to Launch Bitcoin ETF in Hong Kong

Subscribe to Simplemoneygoal.com

    Endangered turtles share this Mexican beach with SpaceX rocket debris. The company says there’s no risk of harm
    Economy

    Endangered turtles share this Mexican beach with SpaceX rocket debris. The company says there’s no risk of harm

    July 2, 2025
    Lululemon sues Costco over selling alleged dupes
    Politics

    Lululemon sues Costco over selling alleged dupes

    July 1, 2025
    Israel at a crossroads as Netanyahu prepares to meet Trump
    Economy

    Israel at a crossroads as Netanyahu prepares to meet Trump

    July 1, 2025
    Three former bosses of UK nurse Lucy Letby, convicted of killing babies, arrested on suspicion of manslaughter
    Economy

    Three former bosses of UK nurse Lucy Letby, convicted of killing babies, arrested on suspicion of manslaughter

    July 1, 2025
    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Politics
    • Stock
    • Top News

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.