Bankrupt crypto platform BlockFi’s customers have fallen victim to a persuasive phishing email impersonating the platform, leading to the theft of cryptowallet funds. According to a Reddit thread, scammers managed to pilfer millions within a short span of five days, emphasizing the significant impact of this sophisticated scam on the crypto community. The phishing campaign, which impersonates the BlockFi team, has been executed with precision, using the platform’s logo and a carefully crafted email, potentially leading to its successful execution and subsequent theft of customers’ assets.
BlockFi emerged from Chapter 11 bankruptcy in October 2023 and had commenced allowing customers to claim their remaining crypto assets in waves over several months. However, the recent phishing campaign targeting BlockFi customers has raised serious concerns about the security and privacy of customer data. BlockFi has issued a warning alerting its clients about the increasing phishing attempts and advises them to remain vigilant against email scams and non-standard communication attempts. Furthermore, the company recommends that customers should directly access their website and avoid clicking on any links in emails. In the event of falling victim to the phishing scam, affected customers are urged to revoke access to the smart contract and the app’s access to their wallet immediately, underlining the criticality of prompt action in mitigating potential risks.
