It’s been a wild week for cryptocurrency. After a relatively calm few months, prices have exploded in recent days, with Bitcoin, Ethereum, and other major coins all seeing huge gains.
The rally has been driven by a number of factors, including institutional investment and an influx of new users.
One of the most popular crypto exchanges, Coinbase, has also seen a surge in activity. The company announced yesterday that it had added support for Ethereum Classic (ETC), and that trading would begin on August 7.
This news sent ETC prices soaring, and Coinbase users were quick to take advantage of the new listing. Within minutes of trading being enabled, over $1 million worth of ETC had been traded on the platform.
Not everyone was happy about the news, though. Some users began complaining that they had received emails from Coinbase about the new listing, even though they had not signed up for any such notifications.
The email in question looks like this:
Subject: New Asset Available – Ethereum Classic (ETC)
Hello [name],
We’re excited to announce that we’ve added support for Ethereum Classic (ETC) on Coinbase! You can now buy, sell, send, receive, or store ETC on Coinbase.com or using our iOS and Android apps. Trading will begin on August 7 at 9am PT (16:00 UTC). For more information about Ethereum Classic and our other supported assets, please visit our Support Center.
Thanks for being a part of Coinbase! The Coinbase Team To unsubscribe from future announcements like this one, please click here. ______________________________________________________ This email was sent to [address] by [company name] P0 Box 17738 San Francisco CA 94104 USA ______________________________________________________ © 2013 – 2018 Coinbase Inc. All rights reserved.”.
At first glance, this email looks legitimate. It comes from a “@coinbase.
com” address and contains the company’s logo. However, upon closer inspection, there are a few red flags that should make recipients suspicious.
First off, the email is addressed to “[name],” not “[email address].” This is a common tactic used by scammers, as it allows them to mass-send emails without having to personalize each one individually.
The email also contains several grammatical errors, which is another common sign of fraud. Finally, the email includes a link to “unsubscribe from future announcements,” but clicking on it does not actually unsubscribe you from anything.
So what’s going on here? It’s likely that scammers are taking advantage of the recent rally in cryptocurrency prices to try and trick people into sending them money. The emails may look legitimate at first glance, but they are actually just well-designed phishing attempts.
If you receive an email like this from Coinbase (or any other company), do not click on any links or provide any personal information. Instead, just delete it and move on.
Coinbase is one of the most popular cryptocurrency exchanges and it recently announced that it had added support for Ethereum Classic (ETC). However, some users began complaining that they had received emails from Coinbase about the new listing even though they had not signed up for any such notifications. The email looks legitimate at first glance but there are some red flags that should make recipients suspicious like grammatical errors and a link to “unsubscribe” that does not actually work .
So what’s going on here? It’s likely that scammers are taking advantage of the recent rally in cryptocurrency prices to try and trick people into sending them money . If you receive an email like this from Coinbase (or any other company), do not click on any links or provide any personal information .