CoinSpot has officially warned users about a spike in scam SMS text messages designed to steal account credentials and cryptocurrency. CoinSpot scam texts are phishing attempts designed to steal your account credentials, often claiming a fake, unauthorized, or "pending" transaction. These messages typically contain a malicious link to a fake login site or a phone number to call, aiming to induce panic and urgency. Do not click links, reply, or provide verification codes.

Advertisements - Continue reading below

About CoinSpot Crypto Scam Texts

  • Unauthorized Withdrawal/Log-in Alerts: Messages claiming, "A withdrawal of 0.5 BTC was initiated. If this was not you, call [number]".
  • Urgency: Using threatening language like "your account will be locked" to prompt immediate action.
  • Fake Verification Codes: Sending an unsolicited OTP (One-Time Password) code and asking you to verify it.
  • Suspicious Links: Including shortened URLs (e.g., bit.ly) or links that mimic the official website (e.g., coinspot-security.com).

Protect Yourself

  • Do Not Respond: Delete the message immediately.
  • Verify Independently: Log in directly through the official CoinSpot website or app, not via a link in a text.
  • Report the Number: Use your phone’s "Report Junk" feature and notify official scam authorities, such as the Australian Scamwatch.
  • Use 2FA: Set up authenticator app-based two-factor authentication (not SMS) for better security.

    Australian Federal Police +3

If you believe you have provided credentials, contact the official CoinSpot support team immediately through their website.