Scammers Using Fake Stellar Giveaway To Steal Private Keys

Stellar, Ethereum and Ripple are among the most popular cryptocurrencies targeted by fraudsters. This is one of the reasons why holders of digital assets must be careful with what information they disclose especially on giveaway sites.

A recent email received by the Cryptoinfowatch team shows that fraudsters are once more targeting users of the XLM with a fake giveaway. According to the email, Stellar is supposedly giving away some 7,500 Stellar lumen (XLM).

A copy of the email seen by this reporter reads:

Hi, dear project participant.

We had the launch of the 3rd AirDrop round on May 1 of this year. which will last until May 29, 2020.

You participated but didn’t receive the 7500 XLM, we see that you registered on Google and indicated your name on bitcointalk, as well as the xlm address for the deposit in AirDrop.

We want to inform you that the procedure was not completed until the end, you filled out the form, but did not fulfill all the conditions that were registered in the public form of the participants.

Follow the registration procedure again, and also follow the instructions that we specified in the form below.

After that, you will be automatically credited with 7500 XLM.

Form for re-registration of participants:

https://docs.google.com/forms=============================

Follow the rules provided to you carefully.

Thanks for participating with best regards, Stellar Official.

Interestingly, a scrutiny of the email shows that the sender’s email address is ferguson.rico@yahoo.com. The name Fegurson Rico is most likely fake. Also, the email addresses of other recipients could be seen indicating that they were manually pasted at the BCC field.

Furthermore, the Googledoc form attached to the email instructs users to “download and start using Stellar Term”. We are convinced that this is a script that would steal users’ password and compromise their wallets.

It is important that all users of digital assets be careful what sites they use and scripts they download. Fraudsters are continually targeting hodlers.

Dare Shonubi

Author: Dare Shonubi

Dáre Shonubi is a certified cryptocurrency expert and Blockchain journalist with an extensive experience in blockchain project marketing, media engagement, community management and cryptocurrency market analysis and research. An avid blockchain enthusiast with a view to support the blockchain innovation to optimum adoption and immeasurable development. Dare holds a diploma in the study of blockchain and cryptocurrency.

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