Binance's CZ Sounds Alarm Over New Crypto Phishing Scam

Binance co-founder Changpeng Zhao (CZ) has warned about a malicious crypto phishing scheme that uses a fake Trust Wallet website to lure unsuspecting users into connecting their wallets. CZ shared a warning about a fraudulent website with a fake domain that mimics the popular Trust Wallet website. Attackers modified the website domain by replacing the “u” with “a” and changing the extension from “.com” to “.cam,” which may trick unsuspecting users who don’t carefully inspect the domain. The malicious website tricks users into connecting their crypto wallets in order to review their transfers. However, the site contains JavaScript code that attempts to scan wallet balances using a backend API in order to prepare transfers to specific wallet addresses.

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