Crypto Phishing New-age pirates are nothing more than scammers searching for a treasure trove of cryptocurrency.
Phishing scams are how cybercriminals steal millions in crypto every year.
Let’s jump right into what a crypto phishing scam looks like and how you can recover in case you’re attacked.
Table of Contents
Spotting a Phishing Scam: 3 Main Tips
#1. Be on the lookout for copycats
The most common trick that phishing scams use is the copycat method. By posing as an up-and-coming cryptocurrency company or a renowned crypto exchange, scammers gain immediate trust from victims.
Often, the email you’ll receive will contain the real business name in the address. However, other details about the address and email will be missing or distorted:
- The email address ends “@amazonproducts.co.uk” instead of “amazon.com”;
- Links to “Contact Us,” and other pages don’t work or lead to dead ends;
- A quick search shows the person you’re corresponding with doesn’t exist;
- Official badges, certifications, and fine prints are missing from the footer.
This rule applies to copycat websites, fake messages from friends, and impostor phone calls. If an email or message ever asks for your private data, ensure you’re not dealing with a copycat phishing scam.
#2. Poor spelling, grammar, and punctuation
It might sound a bit stereotypical at this point, but scammers’ language skills haven’t improved much. In most phishing cases, simple spelling and grammatical errors are present, indicating an obvious scam.
Such mistakes wouldn’t occur in legitimate business emails written by professional writers. Especially when scammers pretend to be cryptocurrency exchanges, poor language abilities point to an overseas phishing scam.
#3. It usually always leads to a malicious link
The main purpose of many phishing scams is to lead you to a fraudulent link. The page often prompts a download (likely malware) or to log in to your account. This website is probably a copycat login page that sends your data to scammers.
Sometimes, simply following a link is enough to hand criminals your location, IP address, and browsing data. Get Surfshark VPN and antivirus software to ensure your browsing stays anonymous and safe, even on malicious sites.
How can you tell if you’re talking to a scammer?
These days, phishing scammers are finding more success through messaging platforms. In our DMs, we feel safe and more trusting than we would in real life. Here’s where it’s important to be able to spot the scammers themselves:
- The user quickly moves to deeper topics — asking for details of your trauma and over-sharing their own.
- They offer “insider tips” or investment opportunities exclusive to you.
- Scammers thrive on trust — once they feel you believe their disguise or story, they pounce.
- If you ask to meet in person, there’s always an excuse or financial barrier.
How to recover from a crypto phishing scam
For the unlucky few reading this who didn’t spot a phishing scam until too late, there are still a few things you can do.
Cut off communications with the scammer
After being scammed, cut all communications to the scammer and report them. Scammers are like seagulls — give them a chip and they’ll come for the whole bag. In the scamming world, victims susceptible to attacks are often pushed into honeypot scams. This way, even after stealing your crypto, they’re stealing more.
Change any associated account data
If you haven’t already, change the details on every account that may be affected. Change names, emails, DOBs, and passwords. Anything that can link your other accounts with the exposed information puts them at risk of hacking.
Can you recover lost coins?
While it’s unlikely, it is possible to recover stolen cryptocurrency. The exchange you use, the authorities you contact, and whether you hire a lawyer or a “cryptohunter”, will heavily determine the recovery process.
So now you know how to spot a crypto phishing scam and what to do if you ever fall victim to one.
These pro tips, along with your rock-solid gut instinct, ensures your crypto won’t be phished away any time soon.