The broader cryptocurrency ecosystem is being targeted by malicious actors looking to take advantage of the recent WazirX hack. Notably, the attack saw the transfer of $234.9 million worth of funds from WazirX Safe Multisig wallet to a new address and affected major assets including Pepe coin, Polygon, Shiba Inu, Ethereum, amongst others.
As per a noteworthy warning by Sumit Gupta, CEO of CoinDCX, these malicious actors are now looking to defraud unsuspecting owners of assets through a phishing scam. Basically, the hackers are sending fake emails, supposedly from WazirX, promising to pay compensation to them.
Gupta Tasks Users to Verify Authenticity
According to Gupta’s post on X sensitizing members of the community, he urged users to always verify the authenticity of any email claiming to be from the defrauded exchange.
“Please be extra careful about the emails you receive. Always double-check: The sender’s email address and the authenticity of the website link. Verify details from two different verified and trusted sources before taking any action. Please do not give in to FUD. Stay safe,” Gupta wrote.
The emails are designed to get recipients to reveal personal information that could compromise their funds or click on malicious links that redirects to sites where these sensitive data are harvested.
Exploiting the Promise of Compensation
The phishing scam actors are taking advantage of the earlier announcement by the WazirX team’s announcement that they were working on a compensation plan for victims. Analysts say this is typical of phishing scams who rely on elements of truth, in this case, the planned compensation, to exploit unsuspecting users into losing more funds.
The phishing email from the fake WazirX detailed the cyber-attack of July 18, the loss of funds and apologized to users for the losses suffered. It goes on to explain plans to issue new tokens that will be airdropped to affected users and promised compensation within 30 days. The whole message is however fake and did not emanate from WazirX.
Battling Impersonation: The Official WazirX Response
Meanwhile, the WazirX team are battling to counter a scam bot that is impersonating their official account in a phishing sting. In a statement released by the team, fake links were being shared to unsuspecting users.
“We strongly recommend double-checking the username and verified badge of any account that appears to be WazirX,” WazirX website posted.
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