The fraudulent SMS states that you received a cryptocurrency payment and only need to pass the verification to claim it. The content of the messages follows the style of Coinbase communication pretty accurately, while the emails and links are almost identical to the original. This particular trick was used in the Coinbase text-message scam. How Does the Coinbase Text Message Spam Work? Coinbase text message spam, described below, is within this category. The third case is when tricksters try to mimic your banking or cryptocurrency service with the intention of frauding you into providing them your access credentials. Text Message Spam That Mimics BTC or Coinbase Service This way, if you don’t examine the sender’s email closely, you will think that they hacked your device and that their claims are veritable. One of the tactics they deploy is sending an email from an address very similar to yours. Blackmailing Bitcoin and Coinbase Text Message SpamĪnother option is that these texts are part of a blackmail scam in which crooks use the information that they have on you to make you think they have access to your phone. Along with sending everything you type, shoot with your camera, or record to the scammers, this software may use your phone processing power to mine cryptocurrencies for the scammer. These may contain a link that, if clicked, adds the malicious software to your phone. The crooks will send an SMS text in bulk to thousands of users. BTC and Coinbase Spam Text With Cryptocurrency Mining Malware Following the links can deliver malicious software designed to hijack your phone and use its processing power for cryptocurrency mining. These will contain scam offers aiming to get a hold of your financial and personal details. Fraudsters behind it use mass-texting services to lure unsuspecting users into clicking the links in the messages. Fight Text Spam Bitcoin Text Message Spam Explained Bitcoin Text Message Spam-Scammers Are Up-To-Date on New Technology Trends
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