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Data Leak Concerns Arise as KuCoin Users Targeted by Fake Airdrop SMS

Recent reports have surfaced indicating that scammers are once again targeting the KuCoin community with fraudulent tactics, sparking concerns over potential data breaches and security risks.

Shared on February 22nd in a post on X, CryptoShields.eth, a prominent advocate for web3 security, revealed a screenshot of an SMS message falsely claiming a KCS (KuCoin Shares) airdrop, suggesting that recipients are eligible for the airdrop despite the absence of any legitimate announcement from KuCoin.

While the identity of the perpetrators remains unclear, CryptoShields.eth suggests a potential link to the now-defunct Inferno Drainer malware, a notorious scam-as-a-service platform that publicly announced its shutdown in August 2023.

Further investigation reveals that the domain mentioned in the fraudulent SMS messages was registered via Squarespace on February 13th. Despite these developments, KuCoin has not issued any official statements regarding the incident, leaving users uncertain about the extent of the potential scam attack and whether it could be facilitated by an internal breach.

The deceptive website associated with the scam purports to host an ongoing KCS token airdrop, enticing users with the promise of free tokens. However, participants are required to provide a wallet signature to “prove ownership,” a process that could potentially compromise their non-custodial wallets. Numerous reports have highlighted the dangers of interacting with such malicious websites, with scammers often embedding harmful code that could lead to financial losses for unsuspecting users.

As the KuCoin community remains on high alert, vigilance and caution are paramount to mitigate the risks associated with such fraudulent schemes, emphasizing the importance of robust security measures and heightened awareness among users in safeguarding their digital assets.

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