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Newsletter Platform Substack Becomes Host To A Slew Of Cryptocurrency Scammers
Summary: Newsletter platform Substack has become home to a host of scammers impersonating prominent cryptocurrency projects and encouraging Substack users to upgrade their smart contracts and send funds to a proxy contract ID, as reported by CoinDesk. The language across multiple newsletter emails was similar even as project names, indicating the scam newsletters may be coming ...
Newsletter platform Substack has become home to a host of scammers impersonating prominent cryptocurrency projects and encouraging Substack users to upgrade their smart contracts and send funds to a proxy contract ID, as reported by CoinDesk.
The language across multiple newsletter emails was similar even as project names, indicating the scam newsletters may be coming from the same place.
For one of the scam letters, the writing promised that an "upgraded smart contract" for Gnosis uses 71% less gas, supports updates thanks to proxy patterns and allows you to participate in future votes. The letter promised additional benefits to those who upgraded early.
The Gnosis Twitter account tweeted that the newsletter was fraudulent. In the tweet, the Gnosis account told users not to interact with this Substack account, share their wallet address or send any funds. RenProject, Kyber Network, Synthetix, Quant and UMA were all affected by the scam newsletters on Substack.
By Emily Mason
Tags: Crypto Scams,Gnosis,Kyber Network,Quant,RenProject,Substack,Synthetix,UMA
Link: Newsletter Platform Substack Becomes Host To A Slew Of Cryptocurrency Scammers [Copy]
