Coinsafe Warns People to Be Wary of Imposters, Scammers Are Offering Fake Token Listings

CoinSecure Warns Cryptocurrency Scammers of Using LinkedIn and WhatsApp to Target Industry Figures for Exchange Token Listing Scams

Coinsecurity recently highlighted a worrying trend in the cryptocurrency space. Scammers are taking advantage of the thawing cryptocurrency market to reintroduce exchange token listing scams that capitalize on the identities of well-known industry figures. CoinSafe co-founder He Yi and well-known blockchain author Andy Lian have both reported fraudulent activity in their names.Bitmain Miner

Growing Concerns Over LinkedIn Impersonation

He Yi’s identity has become a tool of deception, with imposters creating convincing LinkedIn profiles to approach potential victims. These scammers promise to list tokens on Coinsafe in exchange for large payments. Hoichi clarified that her involvement with LinkedIn is limited and that she is not involved in listing discussions, and urged vigilance against those who falsely claim to have inside connections.

Anndy Lian’s revelations about WhatsApp scams add another layer of concern. Fraudsters mimic CoinSec employees and lure individuals into joining cryptocurrency groups with false promises of passive income.

CoinSafe has thus gone on record as saying that such groups do not exist under its banner and emphasizing the importance of verifying the authenticity of any unsolicited offers.

CoinSec’s stance on security and verification

In response to these fraudulent activities, Coinsecurity’s customer support has issued guidelines for its users. They recommend verifying the legitimacy of any contact claiming to be affiliated with CoinSecure via an official link provided on the exchange’s website.

This verification process covers a variety of communication channels, including emails, phone numbers, and social media profiles. CoinSecure strongly advises against engaging with or disclosing sensitive account information to unofficial sources.Whatsminer Miner

Exchange token listing scams are not new, but have re-emerged with new vigor to take advantage of the recent rise in the cryptocurrency market. These scams usually start with professional-looking LinkedIn profiles that reach out to project developers promising token-listing services for large deposits. Unfortunately, these deceptive practices result in financial losses and promised listings that never materialize.