Scammers have been targeting Australian crypto users through a text scam that spoofs legitimate Binance message threads, local authorities say.
The Australian Federal Police have sent a “blitz” of alerts to Australians targeted by a new text message crypto scam that can now completely spoof sender IDs.Australian federal police have alerted over 130 people of a new text message scam aimed at crypto users that copies the same “sender ID” as legitimate crypto exchanges such as Binance.
the fraudsters sending out messages through text and encrypted messaging platforms by impersonating a Binance representative, telling users of a crypto account breach and instructing them to set up a new wallet, the Australian Federal Police The text messages look real at first glance because they appear in the same legitimate text message thread as Binance communications. Australia’s federal police say they have found at least 130 people who have been targeted by this scam so far. Source:“The messages allegedly contained fake verification codes and were often ‘spoofed,' meaning they appeared in a legitimate existing message thread from the well-known cryptocurrency exchange,” the AFP said. “A support phone number was also sent, but when the targets called it, they were instructed to protect their accounts by transferring their cryptocurrency to a ‘trust wallet,' which was controlled by the scammer and allowed the assets to be stolen.” Online text messaging services allow messages to be sent from a Sender ID, such as a company name, rather than a phone number and can be exploited to spoof text messages,Once a phone receives the sham communication, it’s reportedly grouped based on the Sender ID, appearing in the same thread as other messages with the same ID. The AFP says it conducted an email and text blitz to warn the 130 people they identified who might have been exposed to this scam., where fraudulent emails spoofing Coinbase and Gemini attempted to trick users into setting up a new wallet using pre-generated recovery phrases controlled by scammers.The police said red flags for this type of scam include unsolicited contact from someone claiming to be from Binance about an account breach, pressure to act quickly andSu says Binance has a tool to confirm official Binance channels, and if in doubt, “stop and verify through official sources,” such as the contact information on the official website.plans for an SMS Sender ID Register and an enforceable industry standard to crack down on similar scams, which have impacted Australian airline Qantas and tech giant Apple in the past. Under the standard, telecom companies must determine whether messages sent under a brand name correspond with the legitimate registered sender and submit and provide their legitimate Sender IDs for the register. The register is set to launch in late 2025, with a pilot SMS Sender ID Register operating as a stopgap in the meantime,Dummies guide to native rollups: L2s as secure as Ethereum itself
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The 1st Australian rocket to launch from Australian soil could reach orbit next monthAndrew is a freelance space journalist with a focus on reporting on China's rapidly growing space sector. He began writing for Space.com in 2019 and writes for SpaceNews, IEEE Spectrum, National Geographic, Sky & Telescope, New Scientist and others.
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