Altcoin lending giant Celsius Network is heading into the final stages of bankruptcy proceedings. Meanwhile, creditors are once again finding themselves targeted by an alarming increase in identity theft attacks. Here are the details…
Phishing warning for altcoin project Celsius
Reports circulating on social media over the past week have highlighted a disturbing trend: an increase in phishing attacks targeting Celsius and its creditors and impersonating bankruptcy services platform Stretto. A user reported receiving three phishing emails on September 18, each claiming to be from Celsius. Meanwhile, others received fake emails containing malicious links that attempted to impersonate Stretto, the firm handling the bankruptcy case. These fake websites, often distinguished from legitimate URLs only by a missing “s” in the address, ask users to enter their wallet information. Once connected, scammers can quickly deplete users’ crypto assets.
A warning has come from an analyst and business executive who predicts a potential increase in identity theft attacks as Celsius approaches the final stages of its bankruptcy. They recommend taking precautions and double-checking links before making any contact. In mid-August, Celsius began distributing ballots to customers as part of the proposed settlement plan. Scammers appear to be taking advantage of this situation by increasing identity theft attacks as the voting date approaches.
Critical dates have been determined for Celsius
According to Simon Dixon, CEO and founder of online investment platform BnkToTheFuture, the voting deadline is set for September 18, with the report set for September 20 and the confirmation hearing for September 29. Celsius aims to receive final court approval for its restructuring plan by October 2. It is worth noting that these phishing attacks appear to be a continuation of previous data breaches, including the Celsius Network email server breach in April 2021, which led to the leak of user information and subsequent malicious email campaigns.
The bankrupt crypto lending company faced another data breach in July 2022, with more customer data compromised due to the third-party breach, resulting in another wave of identity theft attempts. The crypto lender’s customers have been eagerly awaiting the resolution since June 2022, when Celsius suspended withdrawals following the collapse of the Terra ecosystem. The following month saw the lender file for bankruptcy. As creditors navigate these turbulent waters, the threat of identity theft looms large. It underlines the importance of vigilance and cybersecurity awareness in the crypto space.
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