Surge of phishing emails targets Swan Bitcoin users

Swan Bitcoin users should verify the validity of emails since they are the current targets of an ongoing phishing email campaign that poses as representatives of financial institutions.

The cryptocurrency company’s CEO published a post on X to inform its followers about a new phishing campaign targeting its customers. The latest warning occurred after various allegations appeared of a faked “Data Breach Notice” email sent to Swan’s marketing email recipients, most likely linked to the Klaviyo and HubSpot data breach incidents a couple of years ago.

In addition, the X post instructed its users not to send their Bitcoin to the emails since they are fake. The company explained that they would never ask their customers to send SATs to someone, especially their employees.

The CEO also denied the allegations of data breach and said any transfer request from any individual was false. Lastly, the post pointed out that scams are becoming more successful as more people are easily distracted or less cautious; hence, the company advises everyone to be more careful with their digital funds.

 

The phishing scam targets the Swan Bitcoin users.

 

The Swan Bitcoin phishing email appears to have been created by scammers to trick people into sending Bitcoin to bogus addresses. In 2022, the scam took advantage of earlier data exposures from email marketing firms Klaviyo and HubSpot, affecting various organisations, including Swan Bitcoin.

Conversely, numerous customers took to social media to express their dismay and concern about the multiple phishing emails they received. On the other hand, the crypto firm addressed this feedback by saying that each phishing email contained a unique Bitcoin address, making it impossible to block a particular destination address and prevent future scams.

This latest incident is another example of cryptocurrency users being wary of unsolicited communications, particularly those asking for financial information or cryptocurrency transactions.

Phishing attacks are standard method scammers, and cybercriminals use to acquire personal information or crypto assets by impersonating reputable companies. Therefore, users should verify the validity of emails, especially those claiming to be from financial companies or digital asset companies such as Swan Bitcoin.