TechFlow news, May 24 — According to SlowMist Chief Information Security Officer @im23pds' post on X, a cryptocurrency user fell victim to a "withdrawal verification code" scam, resulting in losses of up to $1.1 million.
The scam works as follows: the victim receives a text message disguised as coming from an exchange platform, claiming that someone has requested a withdrawal verification code and providing a phone number for contact. When the victim calls back, the scammer claims there is a security vulnerability in the system requiring immediate security restrictions. Subsequently, another scammer calls impersonating a Ledger employee, luring the victim into visiting a phishing website under the pretext of resolving the security issue, ultimately leading to asset theft.
This case serves as a reminder for cryptocurrency users to stay vigilant, avoid trusting unsolicited messages or calls, beware of phishing websites, and safeguard their personal assets.
