Fake airdrop SMS to KuCoin users stir data leak concerns

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Although scammers behind the Inferno Drainer malware introduced the closure in 2023, new studies point out that extra dangerous actors are the focusing on KuCoin neighborhood.

In an X post shared on Feb. 22, a web3 safety advocate generally known as CryptoShields.eth disclosed a screenshot of an SMS message falsely asserting there’s a KCS airdrop, implying eligibility for the recipient regardless of the absence of any reliable airdrop.

Whereas it’s unclear who is precisely behind the marketing campaign, CryptoShields.eth asserts that the exercise is linked to Inferno Drainer, a well known scam-as-a-service platform that publicly declared its shutdown in August 2023.

In line with data from Whois, the area talked about within the textual content messages was registered through Squarespace on Feb. 13. On the time of writing, KuCoin has not issued any public statements on the matter. It additionally stays unclear whether or not the most recent improvement signifies a full-scale rip-off assault, probably facilitated by an inside breach at KuCoin.

Fake airdrop SMS to KuCoin users stir data leak concerns - 1

The fraudulent web site claims to host an ongoing airdrop of KCS tokens, providing customers the chance to acquire free tokens. members are required to supply a signature through their non-custodial pockets to “show possession of pockets.” Nevertheless, numerous reports have proven that scammers normally put malicious codes on their web sites, inflicting customers’ wallets to lose funds once they present signatures to work together with their wallets.

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