Clarifying Recent Media Misreports: A media outlet today reported instances of fraud related to the use of the CoinDCX App. I want to personally address this matter and provide clarity.

After thorough investigation, we can confirm that these reports do not pertain to any incidents on the CoinDCX App or website. The safety and security of our users remain intact and uncompromised.

The issue at hand seems to be a case of fake website scams, a pervasive challenge in the fintech sector, affecting many players, including cryptocurrency apps. We're not immune to these external threats, but we're committed to fighting them.

Our security team is continuously on high alert, conducting rigorous checks to identify and tackle these fraudulent websites. In fact, we have identified and reported over 80 such websites masquerading as CoinDCX to CERT (Cyber Emergency Response Team).

Recognizing the unsettling nature of these scams, we are intensifying our efforts to educate our users through various channels. We believe in the power of community vigilance and encourage you to exercise caution and report any suspicious activities. Together, we can create a more secure digital environment.

Rest assured, we are not just proactive internally; we also collaborate with cyber cells and the Ministry of Electronics and Information Technology (MeiTY) to address these issues effectively.

🔗 Stay Informed and Safe: For more information on how to stay vigilant against such scams, please refer to our detailed guides:

1. How to Avoid Common Crypto Scams -https://lnkd.in/ggHSREa9
2. Staying Vigilant Against Telegram Impostors and Phishing Schemes -https://lnkd.in/g88b6efx

As we navigate these challenges, your trust and security continue to be our highest priorities. We are committed to safeguarding your interests and ensuring a safe trading environment. Thank you for your continued support and trust in CoinDCX. Stay Safe, Stay Alert! ✊
#coindcx #coindcx #CryptoPredictions2024 #scamcrypto #crypto

🚨🚨🚨 Breaking 🚨🚨🚨

According to Decrypt, two wallet drainers, Rainbow Drainer and Node Drainer, have stolen a combined $4.17 million worth of crypto assets from 3,967 Solana wallets since late November. The majority of these thefts have occurred since mid-December. Malicious actors appear to have stolen the majority of these funds by targeting specific Solana token communities with NFT airdrops, then attaching phishing website links to those NFTs. Legitimate airdrops are on the rise lately, but so are social media scams presented as real giveaways.

Users of Rainbow Drainer targeted holders of ZERO, the native token of Solana meta protocol Analysoor, by airdropping them NFTs that claimed to offer vouchers for 1,000 free ZERO tokens. Curious recipients clicked the external link affiliated with the NFT and signed a transaction linking their wallets to the site, resulting in their wallets being drained of all digital assets. Such attacks using Rainbow Drainer have netted thieves $2.15 million in the last few weeks. Assets stolen in these exploits include BONK, ZERO, USDT, and USDC, among other tokens.

Using Node Drainer, hackers placed similar phishing links in Discord groups and infiltrated Twitter accounts to post them, including that of cybersecurity firm and Google subsidiary Mandiant. These exploits netted Node Drainer deployers $2.025 million, primarily in the form of ANALOS and BONK. On-chain evidence suggests at least a solid portion of these attacks stemmed from a single individual or small group. A single wallet address associated with the wallet drains used AllBridge to transfer over $1 million worth of stolen assets cross-chain to Ethereum, where the funds were exchanged for ETH and transferred again.

#CryptoScamAlert #SCAMalerts #scamcrypto

BE CAREFUL OUT THERE
Yes BTC drop drastically, I have $500 worth of btc before the dip but now am having $435 in my wallet. don't look for a way to make more coin or to regain your coin.
Scammers are always finding new ways to steal your money using cryptocurrency. To steer clear of a crypto con, here are some things to know.

Only scammers demand payment in cryptocurrency. No legitimate business is going to demand you send cryptocurrency in advance – not to buy something, and not to protect your money. That’s always a scam.

Only scammers will guarantee profits or big returns. Don’t trust people who promise you can quickly and easily make money in the crypto markets.

Never mix online dating and investment advice. If you meet someone on a dating site or app, and they want to show you how to invest in crypto, or asks you to send them crypto, that’s a scam.

Scammers guarantee that you’ll make money or promise big payouts with guaranteed returns. Nobody can make those guarantees. Much less in a short time. And there’s nothing “low risk” about cryptocurrency investments. So: if a company or person promises you’ll make a profit, that’s a scam. Even if there’s a celebrity endorsement or testimonials from happy investors. Those are easily faked.
Scammers promise free money. They’ll promise free cash or cryptocurrency, but free money promises are always fake.

Scammers make big claims without details or explanations. No matter what the investment, find out how it works and ask questions about where your money is going. Honest investment managers or advisors want to share that information and will back it up with details.
Before you invest in crypto, search online for the name of the company or person and the cryptocurrency name, plus words like “review,” “scam,” or “complaint.” See what others are saying...
#BTC-ETF #scamcrypto #scammer #BTC