Crypto Scams of the Week: Theta Network Scams & MetaMask Phishing


This week we found a few more bogus crypto scams to watch out for. Read on for the facts!

Theta Network Giveaway Scam

Theta Network is a blockchain infrastructure for video, media, and entertainment, and scammers have recently impersonated the service and its employees to conduct a variety of scams.

One of these scams is fake giveaways – which the scammers have been running on various social media platforms.

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Theta Facebook Giveaway Scam. source

The screenshot above shows a fake Theta Network/Theta Labs giveaway run by the scammers on Facebook. The scammers claimed that people won cryptocurrency (THETA and TFUEL) and instructed potential victims to click on an embedded phishing link (blurred in the image above). After clicking the link, they were prompted to enter certain sensitive credentials that would give scammers access to their crypto wallet. If you see a scam like this, don’t take the bait!

Fake theta website

The scammers also went so far as to create their own fake Theta website as seen in the image below.

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Thankfully, the site appears to be offline now, but when it was live it claimed to be offering an airdrop giveaway. In order to claim their “prizes,” victims had to provide sensitive data related to their crypto wallets – which the scammers could use to steal all of their crypto.

There have also been reports of people being tricked into making PayPal payments to the scammers, in what people refer to as “theta network payment scams”.

Theta Tech Support scam

Scammers have also been posing as Theta Customer Service/Tech Support on social media, pretending to help people with technical issues when in fact they are just trying to trick them into visiting malicious websites stealing their personal information steal.

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Fake Theta Tech Support. source
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Fake Theta Tech Support. source

If you have a Theta-related issue, you can email the company’s support team directly at [email protected]

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MetaMask phishing scam

We’ve also seen a lot of MetaMask phishing emails this week. Like the Theta scams mentioned above, these emails are designed to trick people into parting with sensitive information that allows the scammers to access their crypto wallets.

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MetaMask phishing email

It is very important to note that the sender’s email address in the above email appears to be legitimate, with the domain “metamask.io” (the real MetaMask website is metamask.io). Scammers did this by manipulating the email header. With Trend Micro Check, you can easily identify phishing emails, even in situations like this where they are heavily disguised as genuine emails.

After clicking the “Start Verification” button, victims are redirected to a fake MetaMask website at the following URL:

Watch out for these scam emails!

  • Check people’s contact information – and URLs.
  • If in doubt, go directly to the official websites and support pages for help.
  • NEVER use links or buttons from unknown sources! Use Trend Micro Check to detect scams with ease: Trend Micro Check is an all-in-one browser extension and mobile app for detecting scams, phishing attacks, malware, and dangerous links — and it’s FREE!

You can also download the Trend Micro Check mobile app for 24/7 automated fraud and spam detection and filtering. (Available for Android and iOS).

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