Urgent Scam Alert Issued by Major EU Crypto Exchange

Feeling safe about your crypto security? Bitpanda, a big European crypto exchange, has sent out an urgent heads-up to crypto users about a rise in phishing scams and smishing attacks. Scammers are pretending to be Bitpanda and sending text messages making it tough to tell real messages from fake ones. 

Bitpanda pointed out that these phishing texts can sometimes show up in the same chat as real messages because of sender ID spoofing. This happens because mobile networks often don't check who's sending the message. This makes it harder to spot genuine texts. 

To combat these threats, Bitpanda shared several precautionary steps. Firstly users should always verify the sender of any message. They should be particularly cautious of communications from unknown numbers. Bitpanda does not make unsolicited calls, accept inbound calls, or offer phone support. 

Secondly, users are advised never to click on links in unsolicited messages. Even if they appear to be from Bitpanda. As a rule, only links from the Bitpanda domain should be trusted. Users should utilize the official contact form on Bitpanda's website to verify the legitimacy of any suspicious requests. Additionally. Bitpanda stressed the importance of not sharing personal information passwords, 2FA codes, or other sensitive data with anyone. This includes those posing as Bitpanda employees. 

Smishing scams often create a sense of urgency. They pressure users to act quickly. Instead, users should take a moment to logically assess the situation and avoid rushing. Finally, Bitpanda encourages users to report suspicious messages to relevant authorities. Also, block the sender to prevent further scams. 

In summary, as phishing scams continue to rise it is crucial for crypto holders to remain vigilant. By following Bitpanda’s recommended steps, users can protect their accounts. They can contribute to a safer crypto community.