Cryptocurrency User Loses Over $20,000 Due to Phishing Scam
A recent incident reported by Foresight News highlights the dangers of phishing scams in the cryptocurrency world. A user lost over $20,000 after being tricked by a fake website while using the Chrome browser to access the Change NOW exchange. The scam used a method called Punycode, which replaces letters in a domain name with similar-looking characters to make the fake site appear real. In this case, the letter "e" was altered in a way that was difficult to notice. Believing the site was legitimate, the user entered sensitive information, leading to the theft of their funds. This incident is a strong reminder for crypto users to double-check website URLs, use bookmarks for important sites, and enable additional security tools such as browser extensions or two-factor authentication. Scams like this are becoming more common, and users must stay alert to protect their assets.