Jibrel Network Warns Wallet Holders of Social Media Phishing Scam Using Their Name

It is very common in the digital asset sphere to have cases of different types of scams regularly. The latest of such crypto scams that has got the attention of everyone in the cryptocurrency community is a social media attack on the Jibrel Wallet.

The Jibrel Wallet (Jwallet)

Jibrel is an Ethereum based network that using ERC-20 tokens, that provides commodities, currencies, equities and other financial assets. The Jibrel Wallet aims to provide its users with a secure platform for storage and management of digital assets, while maintaining user friendly functionalities.

How The Scam Works

Jibrel stated that these attacks are carried out via social media networks, where the scammers would pose as the official ‘Jibrel Wallet’ and lure the users  with ‘free giveaway’ messages.

This scam message informs users that as active Jibrel users, they have been awarded with a 100% bonus and an additional 5 Ether (ETH) tokens.

Then, to get these bonus and free Ether, they are prompted to follow a malicious link, where they will later be requested to enter their private keys. In order to look more legit, a T&C (Terms and Conditions) list is given to receive these scam bonuses.

Terms And Conditions Of The Scam

Inclusive in this T&C is that the only Jibrel Wallet users that are eligible for this fake bonus, are those with a minimum of 3 transactions on their account, and if as a Jibrel Wallet user you don't see an invitation for the bonus on your dashboard, it means you are not eligible.

The T&C also gives assurance to users that, a higher amount of available funds in their wallet, assures a greater chance of  winning more of the fake bonuses.

Jibrel Disclaimer

In an effort to warn the Jibrel Wallet users in time, in order to prevent more people falling for the scam, an official warning was issued by Jibrel on the 7th of May on Twitter.

Once the Jibrel network got wind of this new scam, they Immediately gave a statement disclaiming this scam message “all of it is completely fake” they said.

They also stated that the Jibrel network will never request its wallet users to disclose their private key, warning its customers to be at alert.

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