Cryptocurrency

2024

Read

Security

SCAM

<ul>
 <li>A new scam seems to be arising in the crypto space with warning of account suspension.</li>
 <li>This time, the scam is targeting Trust Wallet users who should practice caution.&nbsp;</li>
 <li>Scam email requests Trust Wallet users to click a link and complete KYC requirements.</li>
</ul>
<p>A new scam torments the crypto community on a new day. As the community awaits the ultimate bullish signals after a long and hard crypto winter it is important to keep our wallets safe, secure, and ready. It is with this mind that scammers have come up with their latest scheme.</p>
<p>In detail, <a href="https://play.google.com/store/apps/details?id=com.wallet.crypto.trustapp&amp;hl=en_US&amp;gl=US&amp;pli=1" target="_blank" rel="noopener noreferrer nofollow">Trust Wallet</a> users have seen a spike in receiving what seems to be an email form Trust Wallet. Upon closer inspection it is clear that the email address the email comes from has nought to do with Trust Wallet’s official communication.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> SCAM ALERT: Beware of fraudulent KYC requests for Trust Wallet! These emails may land in your Inbox, not just Spam. There is NO such KYC process for Trust Wallet. Stay alert and vigilant! <a href="https://twitter.com/hashtag/ScamAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ScamAlert</a> <a href="https://twitter.com/hashtag/CryptoSecurity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoSecurity</a> <a href="https://twitter.com/hashtag/TrustWallet?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TrustWallet</a> <a href="https://twitter.com/hashtag/StaySafe?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#StaySafe</a> <a href="https://twitter.com/hashtag/CyberSecurity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CyberSecurity</a> <a href="https://twitter.com/hashtag/CryptoNewsLand?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoNewsLand</a> <a href="https://twitter.com/hashtag/CNL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CNL</a>… <a href="https://t.co/ZdPMyG9CcW" rel="noopener noreferrer nofollow">pic.twitter.com/ZdPMyG9CcW</a></p>— Cryptonewsland (@cryptonewsland) <a href="https://twitter.com/cryptonewsland/status/1747126601538494515?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 16, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Specifically, the email stresses on urgent notice so as to confuse users with a false sense of the need to take swift and drastic measures to protect their crypto assets. Particularly, this case requires users to act fast to avoid the suspension of their crypto wallet thereby freezing their crypto assets.</p>
<p>More so, the email tells users to provide KYC verification to avoid suspension. The email goes into a fierce talk of how important it is for users to complete Know Your Customer (KYC) procedures to meet legal requirements.&nbsp;</p>
<p>This by no means is true. Trust Wallet does not need its users to complete KYC procedures. As always Trust Wallet only needs you to hold your Private Keys which must never be shared with anyone else to access your funds.&nbsp;</p>
<p>Always check official sources like the <a href="https://trustwallet.com/" target="_blank" rel="noopener noreferrer nofollow">Official Trust Wallet website</a>, the Trust Wallet app, and official Trust Wallet community and social challenges before hastily clicking links on what appears to be a request to let your guard down. Always exercise caution before trust when it comes to your funds.</p>
<p>As the crypto space continues to grow rapidly, scammers continue to rise despite constantly being blighted by vigilant members of the community and law enforcers. While crypto law is still being drafted, <a href="https://cryptonewsland.com/scammer-steals-4-46-million-usdt-minutes-after-withdrawal-from-kraken/" target="_blank" rel="noopener noreferrer nofollow">scammers continue to run rampant</a>.</p>
<p>This is why it is very important for members of the crypto community to self educate and practice vigilance before placing trust. Find <a href="https://cryptonewsland.com/michael-saylor-warns-bitcoin-holders-of-deep-fake-scams/" target="_blank" rel="noopener noreferrer nofollow">trusted leaders in the space</a> and adhere to caution.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/okx-enhances-kyc-policy-alters-daily-withdrawal-limits/" rel="noopener noreferrer nofollow">OKX Exchange Tightens KYC, Reduces Withdrawal Limit</a></li>
 <li><a href="https://cryptonewsland.com/most-hated-scammers-ever-in-the-cryptocurrency-industry/" rel="noopener noreferrer nofollow">Most Hated Scammers Ever in the Cryptocurrency Industry</a></li>
 <li><a href="https://cryptonewsland.com/binance-insiders-allegedly-helped-chinese-users-skirt-security-protocols/" rel="noopener noreferrer nofollow">Binance Insiders Allegedly Helped Chinese Users Skirt Security Protocols</a></li>
 <li><a href="https://cryptonewsland.com/urgent-warning-complex-scam-targets-coinbase-users-with-data-breach/" rel="noopener noreferrer nofollow">Urgent Warning: Complex Scam Targets Coinbase Users with Data Breach</a></li>
 <li><a href="https://cryptonewsland.com/microsoft-hackers-target-crypto-firms-over-telegram/" rel="noopener noreferrer nofollow">Microsoft: Hackers Target Crypto Firms Over Telegram</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/beware-trust-wallet-users-targeted-by-scammers-using-kyc-requests/" rel="noopener noreferrer nofollow">Beware: Trust Wallet Users Targeted by Scammers Using KYC Requests</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Beware: Trust Wallet Users Targeted by Scammers Using KYC Requests

Crypto News Land

Other articles published on Jan 16, 2024

Ethereum Foundation’s OTC Crypto Maneuver Raises Questions

Asia's weekly TOP10 crypto news (Jan 8 to Jan 14)

Argentine President Javier Milei Signals Support for Provinces Launching Their Currencies

IMF Director Distinguishes Between Crypto Assets and Currency

Bitcoin Price To Drop Below $40K By January End

BTC price remains above $40K despite RSI dipping to 4-month lows

Join our free newsletter for daily crypto updates!