Crypto Scams of the Week: Uniswap, Trust Wallet, Terra (Luna)

Author: Trend Micro

July 20, 2022

This article is from Trend Micro.

The cryptocurrency exchange platform, Uniswap, this week revealed a catastrophic phishing attack on its users, with the scammers walking away with over $8 million worth of Ether and Bitcoin. The attack followed a classic phishing route, with a promised free airdrop of Uniswap tokens valued at around $2000 each. Users were then directed to a website where they could exchange the new tokens for other cryptocurrencies. Opening the malicious link on this phishing site is what led to the infection of wallets.

Source: Twitter

 

Users that fell victim had linked their wallets to the malicious phishing webpage, giving the
scammers a way in. Over $6.5 million worth of cryptocurrency (2,444 Ether, 201 Bitcoin) was
stolen from just one wallet. The second victim wallet lost $1.67 million, or 834 Ether tokens
($903,000) and 39 Bitcoin ($774,000). The lost crypto was first reported as a hack before it was
discovered to be socially engineered — with that in mind, here’s what else we’ve found this
week.

 Trust Wallet

Users have reported receiving fake breach alerts from scammers posing as Trust Wallet.
The SMS content is as follows:

  •  “your multi-coin wallet has been breached. visit: [URL] warning: do not share your secret
    phase with anyone.”.

Following the phishing link will take would-be victims to a fake page, as seen below, designed to
record and steal your log-in credentials. Don’t let it happen! Malicious URLs to take an eye out
for include:

  •  incident-trustwallet[.]com
  •  support-trustwallet[.]com

Terra (Luna)

In the case of the Terra cryptocurrency, users have reported receiving another fake airdrop
offer (like the Uniswap case). SMS content as follows:

  • “limited airdrop – our records indicate that you are eligible to claim terra 2.0 tokens at:
    v2-terra[.]com claimant#3805 t&c apply. reply stop to opt out.”


Following the link will take you to another phishing page designed to steal your credentials. This
particular webpage was only created last week! Furthermore, it appears to have come out of
Russia.

Protect Yourself with Trend Micro Check

  •  Double-check people’s contact details — and URLs.
  •  Reach out to official websites and support pages directly for help if in doubt.
  • NEVER use links or buttons from unknown sources! Use Trend Micro Check to detect
    scams with ease: Trend Micro Check is an all-in-one browser extension and mobile
    app for detecting scams, phishing attacks, malware, and dangerous links — and
    it’s FREE!

Trend Micro Check is a browser extension and mobile app for detecting scams, phishing attacks,
malware, and dangerous links — and it’s FREE!

After you’ve pinned the Trend Micro Check extension, it will block dangerous sites automatically! (Available on Safari, Google Chrome, and Microsoft Edge).

You can also download the Trend Micro Check mobile app for 24/7 automatic scam and spam detection and filtering. (Available for Android and iOS).

Check out this page for more information on Trend Micro Check.

Given you’ll be required to enter personal information on these kinds of platforms, ID Security will also ensure you’re never the victim of a data breach.

And as ever, if you’ve found this article an interesting and/or helpful read, please do SHARE it with friends and family to help keep the online community secure and protected.

Source: pexels.com.

Report a Scam!

Have you fallen for a hoax, bought a fake product? Report the site and warn others!

Help & Info

Popular Stories

As the influence of the internet rises, so does the prevalence of online scams. There are fraudsters making all kinds of claims to trap victims online - from fake investment opportunities to online stores - and the internet allows them to operate from any part of the world with anonymity. The ability to spot online scams is an important skill to have as the virtual world is increasingly becoming a part of every facet of our lives. The below tips will help you identify the signs which can indicate that a website could be a scam. Common Sense: Too Good To Be True When looking for goods online, a great deal can be very enticing. A Gucci bag or a new iPhone for half the price? Who wouldn’t want to grab such a deal? Scammers know this too and try to take advantage of the fact. If an online deal looks too good to be true, think twice and double-check things. The easiest way to do this is to simply check out the same product at competing websites (that you trust). If the difference in prices is huge, it might be better to double-check the rest of the website. Check Out the Social Media Links Social media is a core part of ecommerce businesses these days and consumers often expect online shops to have a social media presence. Scammers know this and often insert logos of social media sites on their websites. Scratching beneath the surface often reveals this fu

So the worst has come to pass - you realise you parted with your money too fast, and the site you used was a scam - what now? Well first of all, don’t despair!! If you think you have been scammed, the first port of call when having an issue is to simply ask for a refund. This is the first and easiest step to determine whether you are dealing with a genuine company or scammers. Sadly, getting your money back from a scammer is not as simple as just asking.  If you are indeed dealing with scammers, the procedure (and chance) of getting your money back varies depending on the payment method you used. PayPal Debit card/Credit card Bank transfer Wire transfer Google Pay Bitcoin PayPal If you used PayPal, you have a strong chance of getting your money back if you were scammed. On their website, you can file a dispute within 180 calendar days of your purchase. Conditions to file a dispute: The simplest situation is that you ordered from an online store and it has not arrived. In this case this is what PayPal states: "If your order never shows up and the seller can't provide proof of shipment or delivery, you'll get a full refund. It's that simple." The scammer has sent you a completely different item. For example, you ordered a PlayStation 4, but instead received only a Playstation controller.  The condition of the item was misrepresented on the product page. This could be the