PENDLE Users Lose $23 Million to Phishing Scams

IconCryptoNewsTerminal Staff23 Jul, 2024

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PENDLE Users Lose $23 Million to Phishing Scams

Blockchain security expert ZachXBT has issued a warning after discovering that users of popular DeFi yield protocol PENDLE have lost a total of $23.2 million in cryptocurrency to phishing scams since March 2023. ZachXBT urges caution, emphasizing the sophistication and prevalence of such attacks. He advises users to remain vigilant and critically evaluate any communications or interactions that appear suspicious. This incident highlights the ongoing issue of phishing scams targeting the cryptocurrency industry. Users are advised to exercise caution and be aware of potential red flags, such as unsolicited emails, malicious links, and requests for personal information.