Pendle users scammed out of $15.95 million in phishing attacks

IconCryptoNewsTerminal Staff10 Jun, 2024

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Pendle users scammed out of $15.95 million in phishing attacks

Pendle users have been scammed out of $15.95 million worth of cryptocurrency in phishing attacks since March 2023, according to blockchain security expert ZachXBT. ZachXBT had previously stated that Pendle users had lost $12 million in the attacks, but has since updated his estimate to $15.95 million. The phishing attacks involve scammers sending emails or text messages to Pendle users, pretending to be from the Pendle team. The messages often contain links to fake websites that look like the real Pendle website. Users who click on the links and enter their login credentials are then scammed out of their cryptocurrency. Pendle has warned users to be aware of these phishing attacks and to only visit the official Pendle website. The company has also provided tips on how to spot a phishing attack, such as: Check the sender's email address carefully. Scammers often use email addresses that look similar to the real Pendle email address, but there may be subtle differences. Hover over links before clicking on them. This will show you the real URL of the website that you will be taken to. * Be cautious of emails or text messages that contain urgent requests. Scammers often try to create a sense of urgency to trick you into clicking on a link or providing your personal information. If you believe that you have been scammed in a phishing attack, you should contact Pendle immediately.