With the final stages of Celsius Network’s bankruptcy looming, a surge in phishing attempts is casting shadows over its creditors. Multiple individuals have taken to social media recently, revealing an alarming trend.
Stretto Impersonation And Phishing Intensifies
Over the past seven days, there’s been a noted spike in malevolent attempts to impersonate Stretto. That is the official claims agent overseeing the bankruptcy for the beleaguered crypto lender, Celsius Network. Several victims have sounded the alarm about these deceptive emails.
For instance, on September 18th, an individual highlighted three phishing emails from Celsius. Others, too, narrated similar encounters with emails bearing malevolent links, feigning to be from Stretto.
A particularly insidious strategy observed was a deceptive website. This fraudulent site is eerily similar to Stretto’s authentic portal. It alters only by omitting an “s” from the original URL. Unsuspecting users are presented with a ‘connect wallet’ prompt. Succumbing to this trick, they inadvertently grant access, allowing perpetrators to siphon off their crypto assets.
A seasoned analyst and business strategist cautions that such scams might proliferate as Celsius inches closer to concluding its bankruptcy procedure. His advice? Exercise utmost caution. Always cross-verify links and be doubly sure before clicking.
Background: The Road to Restructuring
In a significant development in mid-August, Celsius began distributing voting ballots among its clientele. The firm sought consensus on an impending settlement proposal. This voting process seems to be a magnet for fraudsters, amplifying phishing schemes as the voting cut-off approaches.
Simon Dixon, the visionary CEO and co-founder of BnkToTheFuture, earmarked September 18th as the voting deadline. Following that, reports are anticipated on September 20th, leading up to a pivotal confirmation hearing on September 29th. Come October 2nd, Celsius aspires to procure the court’s final nod for its reformation blueprint.
This current spate of cyber threats isn’t an isolated incident. Drawing from past vulnerabilities, they echo an unsettling episode from April 2021. During this period, the Celsius Network suffered a significant email server breach. User data was exposed, making them prime targets for malevolent correspondences.
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