CoinW Issues Security Alert: Beware of Risks from Counterfeit Websites and Apps Inducing Transfers

Odaily News CoinW recently issued an official announcement reminding users that it has recently monitored a fraudulent activity involving fake websites and mobile applications (Apps), where malicious actors have counterfeited CoinW's name, graphics, logos, and brand image. The scammers target potential victims using publicly available information on the internet and social media platforms such as LinkedIn. They use the victims' social profiles to verify their location and establish initial contact, then induce users to move the conversation to Telegram. The scammers commonly employ manipulative tactics (including fabricating stories of a "luxurious lifestyle") to deceive victims into transferring cryptocurrency to wallet addresses under their control.

CoinW solemnly reminds users: Always access the official website or download applications through official channels. If you have doubts about the source of information, please contact CoinW's legal team immediately for verification. If you discover any suspicious websites or counterfeit applications, please stop all operations immediately and report them to the official channels.

CoinW stated that it will continue to strengthen the construction of its security and risk control system, maintain a safe, fair, and transparent trading environment, and firmly support global anti-fraud, anti-money laundering, and sanctions compliance efforts.