As the company’s bankruptcy procedures near their conclusion, a new wave of phishing attempts are allegedly focusing on the creditors of the insolvent cryptocurrency lender Celsius Network. Social media postings over the past week have revealed an upsurge in phishing attacks from con artists pretending to be Stretto, the platform for bankruptcy services used by Celsius and its creditors.
On September 18, some users claimed to have received phishing emails purporting to be from Celsius, while others claimed to have received phoney emails with harmful links that purported to be from Stretto, the claims agent handling the bankruptcy case. Users are prompted to connect their wallets on the phoney website, which removes the final’s’ from the legitimate URL, allowing criminals to steal their cryptocurrency holdings.
An analyst and company manager predicts an increase in hacking efforts as the Celsius bankruptcy procedures get closer to their conclusion. He suggested exercising caution and triple-checking URLs. Due to Celsius’s authorization to begin distributing ballots to its clients for a vote on a proposed settlement plan in the middle of August, phishing attacks have increased in the days leading up to the voting deadline. The phishing assaults seem to be connected to other data breaches, such as the Celsius Network email server breach in April 2021, which exposed user information and allowed malicious emails to be sent to those individuals. The cryptocurrency lender also said that additional client information had been exposed in a further third-party data breach in July 2022, which sparked a new wave of phishing assaults.
