Scammers often impersonate well-known people or entities in the cryptocurrency industry to fool unsuspecting investors.
Impersonation scams and phishing emails plague the cryptocurrency industry at almost every level.
The latest is a Tuesday, Jan. 23 attack targeting the mailing lists of Wallet Connect, Token Terminal, Cointelegraph and other prominent crypto-related firms via their email provider, MailerLite.
According to research conducted by crypto sleuth ZachXBT, the perpetrators of the crime enriched themselves to the tune of $580,000 in just a few short hours.