GMO Coin Crypto Exchange Users Beware of Email Phishing Scams

GMO coin, a commonly-used cryptocurrency exchange announced this week that users should be aware about a phishing scam that has become widespread this week. Oddly enough, the exchange did not take action on its own, but did so after it received an improvement order by Japanese regulator FSA.

According to the exchange, scammers have been sending clients email that appear to be from GMO, but that are actually not. Once clients open the emails, a virus spreads to their computers. Such emails are indicative of phishing attacks – normally, users receive messages that seem official, but that are actually send by a non-related group of person. The emails prompt the email recipient to enter personal information. The personal information then goes to the scammers.

To help deter its clients from entering personal information. GMO released a statement indicating that it will never ask for personal information, such as payment details, identification numbers, passwords, and the like over email. Even when just using the website, users should make sure that it is the official GMO Coin website. GMO coin also stated that it is working on several initiatives, such as allowing users to lend cryptocurrency to the platform and receive rental fees based on how much they lend.