A recent report highlights concerns about fraudulent SMS campaigns making false promises. KuCoin The stock (KCS) airdrop sparked concerns about data leakage among users.
Inferno drainer scam is back
Despite the Inferno Drainer malware reportedly set to end in 2023, new evidence has emerged showing that threat actors linked to the scam are once again targeting the KuCoin community.
A malicious SMS message shared by CryptoShields.eth falsely claims to entitle recipients to a KCS airdrop, despite no official announcement from KuCoin about the event. Although the identity of the perpetrator remains unclear, its connection to the Inferno Drainer scam has raised alarm within the cryptocurrency community.
Inferno Drainer sends text messages to Kucoin users.
If you receive this, stay away.
There is no KCS airdrop
Was there some kind of data breach? @kucoincom @lyu_johnny? pic.twitter.com/zjLj8g3wKd
— 🛡️CryptoShields.eth (@cryptoShields) February 21, 2024
The investigation was further complicated by the fact that the domains mentioned in the SMS messages were registered through Squarespace. KuCoin has yet to issue a public statement on the incident, so questions remain about the scope of the potential data breach and the platform’s response to the security threat.
Wallet breach risk
The fraudulent website involved in the scam hosts continuous KCS airdrops, luring users with the promise of free tokens. However, to participate, users must provide a signature via a non-custodial wallet for “proof of ownership.” This practice raises a red flag because scammers often inject malicious code into such websites, putting users’ funds at risk of being stolen or compromised.
Recent data breaches and phishing attempts targeting cryptocurrency platforms highlight the importance of vigilance and adherence to security best practices among users. As the investigation into fake airdrop SMS campaigns continues, KuCoin users are advised to exercise caution and verify the authenticity of all purported communications on the platform.
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