Scammers send fake emails purporting to be from well-known crypto exchanges and wallets, such as MetaMask.
See an example of such an email
These emails ask you to undergo KYC (document verification), threatening you with restriction of wallet/account features or other sanctions if you don’t.
Simply put, you are stated: ‘pass verification via our link or you will lose your funds’.
❌ You can’t do this of course, and the link you are offered to go through KYC will be a phishing link to steal your details, passwords and ultimately money.
? This type of scam is called Mail Phishing, which is a type of attack where attackers use stolen email address databases to send you fake emails that look like official emails.
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For example, they might fake emails from ByBit or Binance, threatening account lockout to get you to hand over personal information or funds.
What to do?
- Don’t fall for tricks and don’t give out personal information.
- Always check the domains of email senders.
- In case of doubt, contact the official project support.
Remember: real projects will never demand urgent provision of data under the threat of account blocking.
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