random

2024

Safety

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Major European cryptocurrency exchange <a href="https://u.today/bitpanda-addresses-large-transfers-of-shib-link-chz-and-other-altcoins">Bitpanda</a> has issued a critical alert to its users and the broader crypto community, warning them about an increase in SMS-based phishing and scam attempts targeting user accounts. The alert, <a href="https://x.com/Bitpanda_global/status/1823380761086501256">shared</a> via Bitpanda’s official X account, aims to protect users from falling victim to this type of scam.
In a recent post, Bitpanda warns crypto users to beware of fraudulent scam messages, adding it will never ask users to call or send funds anywhere.
<blockquote>
 Beware of fraudulent SMS messages - scam messages may appear next to legitimate ones. Bitpanda will never ask you to call us or send funds anywhere.If you have any questions or concerns, please contact us immediately via our helpdesk: <a href="https://t.co/bKVP5QMkne">https://t.co/bKVP5QMkne</a> <a href="https://t.co/RTcFx8oNMo">pic.twitter.com/RTcFx8oNMo</a>— Bitpanda (@Bitpanda_global) <a href="https://twitter.com/Bitpanda_global/status/1823380761086501256?ref_src=twsrc%5Etfw">August 13, 2024</a>
</blockquote> 
This warning highlights the increasing sophistication of scammers, who are now able to make their messages appear next to legitimate communications from trusted sources. As the popularity of digital assets grows, phishing attempts and fraudulent messages become more common, making it critical for users to stay vigilant and adopt best practices for securing their assets.
<h2 id="safety-guidelines-issued">Safety guidelines issued</h2>
In a 1-minute, 15-second video posted alongside Bitpanda's tweet, the <a href="https://u.today/dogecoin-developer-issues-critical-bitpanda-warning">crypto exchang</a>e stated that it does not have an inbound phone number, which means it would never ask users to call back, call a particular phone number or request that they transfer funds anywhere for any reason.
Bitpanda also stated it would never request a user account balance, password, 2FA or SMS codes, going further to offer safety guidelines.
First, crypto users should ensure they use only official links. Bookmarking legitimate websites might come in handy rather than relying on random search engine results.
Second, stay calm, as scammers typically create a false sense of urgency to pressure victims into making hasty decisions. Crypto users should take time to assess the situation and verify any requests before acting.
Third, crypto users should avoid links. They should never click on links on unsolicited messages, even if they appear legitimate. Users should also always verify the authenticity of messages.
As a safety precaution, cryptocurrency users should protect their personal information by never sharing passwords, 2FA or any other sensitive information and, finally, reporting suspicious activity.

Major EU Exchange Issues Critical Alert for Crypto Market

Table of Contents

U_Today

Other articles published on Aug 14, 2024

Angola Cables now responsible for 70% of African data traffic as it witnesses record traffic

Core Scientific Increases Fundraising Target to $400 Million

Franklin Templeton Unveils U.S. Money Fund on Arbitrum

CoinShares CEO: ‘If You’re Not Profitable with Bitcoin at $60,000, When Will You Be?’

[NEOPIN 3.0 Guide] Try swap(APP)

Tron’s USDT Transfer Volume Reaches One-Third of Visa’s Annual Settlements

Join our free newsletter for daily crypto updates!