The Venmo text message scam message below, which claims the recipients' account has been locked and they need to take action to avoid permanent suspension, is being sent by scammers. The link in the text which appears to be from Venmo, goes to a phishing website that steals account credentials, personal and financial information.
The Venmo Text Message Scam

appsx.custs-mailspprtaccnt-venmoidregards.ngyojyul...
Your Venmo Account has been locked. We recently received multiple failed login attempts to your account.
Recovery your account immediately click link bellow: http://venmo.com:911@s954837297.onlinehome.us/ven
Please take action on your account within 48 hours to avoid permanent suspension.
Regards,
Venmo Service
If you were tricked by the Venmo scam text into disclosing your information, please contact Venmo for help.