Cryptocurrency users reported an escalate in fraud that looked like they look with Crypto Exchanges Coinbase and Gemini, who are trying to make users to configure a novel portfolio with previously generated re -references controlled by cheaters.

In several examples Published In order for X, the e-mail claims that it comes from Coinbase, asking users to move to self-service wallets and providing instructions for downloading a legal Coinbase portfolio, giving a date on April 1 to change.

However, it also provides generated recovery phrases. After opening a novel portfolio with these phrases and transmission funds, all assets will be available to an at risk, who could drain the wallet.

E-mail recalls a collective lawsuit against Coinbase, in which he claimed that he had sold unregistered securities, which caused the court to order users to manage their own wallets.

“Coinbase will act as a registered broker, enabling shopping, but all assets must go to the Coinbase portfolio,” says False E -Mail.

The American Commission of Securities and Stock Exchange dismissed its lawsuit, claiming that Coinbase was an unregistered broker and the seller of unregistered securities on February 27.

Coinbase told Cointelegraph that he is aware of fraud and points to his post on March 14 on X, saying“We will never send you a refund of recovery and you should never introduce the recovery expressed by someone else.”

Crypto Exchange Gemini was also forged with the same e -mail fraud with recovery, using the same tactics and claiming that users must configure a novel portfolio because of a recent court decision.

Gemini was sued by SEC for allegedly offering unregistered securities as part of the Earning program. The regulator decided to end the legal proceedings on February 26.

Gemini did not immediately answer at Cointelegraph’s request for comment.

The annual Blockchain Security Certik security report meant cryptocurrency attacks that cost users of $ 1 billion in 296 incidents, as the most significant security threat to 2024.

Related: California The financial authority warns about 7 novel types of cryptocurrencies, and fraud

E -mail fraud appears because at least three founders of cryptocurrencies have reported foiling attempts to alleged hackers from North Korea in order to steal confidential data through false zooom connections.

Fraudsters attack the founders of Crypto, offering a meeting to discuss the opportunity to partnership, but after starting the conversation they send a message pretending to be problems with audio and a link to a novel connection, which is installed by malware.

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