Blockstream, a renowned Bitcoin (BTC) development company, recently introduced Jade, a widely recognized non-custodial cryptocurrency wallet. Unfortunately, Jade faced an incident wherein its users received phishing emails from attackers.
Earlier today, users of Jade Wallet received scam alert letters falsely claiming that Blockstream had released an emergency firmware to address security vulnerabilities in the Jade hardware wallet. The offenders directed users to a deceptive red button in the email, enticing them to initiate a software upgrade. However, it turned out that Blockstream was not involved in any way.
According to a post by Blockstream on the X app, it seems that these emails are attempting to pass as official communications from them. However, Luckily, the phishing emails were sent from a different third-party domain, which prevented the hacker from gaining access to Blockstream’s mail server.
Until further notice, users are advised to refrain from responding to any suspicious emails claiming to be from Blockstream. Ongoing investigations warrant caution. Furthermore, users are strongly recommended not to click on links or engage in email correspondence. The wallet designer has issued a warning highlighting that Blockstream will NEVER request personal information via email.
Doubts Linger: Blockstream Users Question Data Security
Users were specifically advised against sharing their seed phrase online or with any third parties, even if those individuals claimed to be part of the company’s support team. The importance of utilizing the official firmware website or the Blockstream Green wallet application for all updates was further emphasized.
Notably, some users of the advanced non-custodial wallet remain unconvinced by Blockstream’s justification. They suspect that the company may have intentionally granted access to their data to fraudulent individuals. These particular consumers assert their stance based on the fact that they exclusively shared their email addresses with Blockstream.
In 2023, attacks on cryptocurrency systems reached alarming levels. Hackers exploited vulnerabilities in numerous protocols, resulting in significant damages. An analysis of phishing attacks, hacking attempts, and rug pulls during Q3 revealed that these malicious individuals managed to abscond with approximately $890 million from their victims.
This sentence underscores the importance of reinforcing the security framework for blockchain industry protocols and platforms.
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The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.
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