How fake verification has become a tool for scammers in the crypto community

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In recent days, members of the cryptocurrency community have faced a wave of fraudulent messages. The threat comes from malicious actors who impersonate well-known projects by using fake verification symbols. As discovered by the NS3.AI platform, the Ethena Labs community is being targeted — users receive private messages supposedly from official accounts of the project.

How the scam works

The main tool used by scammers is imitation of official verification. They copy visual elements of authentic accounts, including fake verification checkmarks and project logos. The goal is to convince users of the authenticity of the source, prompting them to click on malicious links or share private keys.

This scheme poses a critical security threat to all participants in the crypto ecosystem. Scammers rely on inattentiveness or lack of awareness of the signs of genuine verification.

How to protect yourself

The primary security rule is to always verify through the official channels of the project. Do not trust unverified private messages, even if they look convincing. Visit project websites only through bookmarks or trusted sources, not via links from messages.

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