PENDLE Phishing Case Losses Reach $15.9 Million Since March 2024

Bittime - On-chain analyst ZachXBT reports that more than $15.95 million has been stolen via phishing from Pendle users since March 2024. This number is likely much higher, considering that ZachXBT only records PENDLE phishing case that he is aware of.

PENDLE Phishing Case

Below are some recorded cases of theft that ZachXBT is aware of and reported.

• March 2, 2024: $194,130 was stolen from the victim in the form of YT Kelp rsETH.
• March 13, 2024: $210,377 was stolen from the victim in the form of PENDLE-LPT.
• March 18, 2024: $2,480,000 was stolen from the victim in the form of PT-weETH.
• March 20, 2024: $3,051,297 was stolen from the victim in the form of PT-USDe.
• March 22, 2024: $2,124,500 was stolen from the victim in the form of PT-ezETH.
• March 26, 2024: $240,580 was stolen from the victim in the form of PENDLE.
• April 16, 2024: $148,371 was stolen from the victim in the form of PENDLE-LPT.
• April 24, 2024: $310,656 was stolen from the victim in the form of PT-ezETH.
• April 29, 2024: $406,170 was stolen from the victim in the form of PENDLE-LPT.
• May 10, 2024: $96,462 was stolen from the victim in the form of PENDLE.
• May 18, 2024: $5,626,807 was stolen from the victim in the form of PT-zs-USDe.
• June 9, 2024: $1,055,267 was stolen from the victim in the form of PT-USDe.

Check Today's Crypto Market:

Pendle Phishing Fraud Mode

Phishing scams are a common mode used to steal crypto assets. Fraudsters usually create fake websites or emails that resemble the official Pendle website or email. 

Victims are then directed to enter their personal information, such as private keys or passwords, into the fake website or email. This information is then used by fraudsters to access and steal the victim's crypto assets.

How to Avoid Phishing Scams

Seeing the increasing number of phishing cases that occur among PENDLE users, crypto users must be even more careful. Here are some tips to avoid phishing scams.

• Always check the authenticity of a website or email before entering personal information. Make sure the website URL matches the official Pendle website or another crypto official website.
• Be careful with suspicious links. Don't click on unknown links or those from untrusted sources.
• Use strong and unique passwords for each account. Don't use the same password for different accounts.
• Enable two-factor authentication (2FA). 2FA adds an additional layer of security to your account by requiring an additional verification code when you log in.
• Report phishing scams to Pendle or other crypto assets and authorities. The sooner you report fraud, the sooner action can be taken to stop it.

Also Read How to Buy Crypto:

Preventative Steps Taken by Pendle

Pendle has taken steps to prevent phishing scams and protect its users. Pendle has also issued a warning about fake phishing websites and emails. In addition, Pendle has also worked with law enforcement to track down fraud perpetrators.

Phishing scams are a serious threat to crypto users. Therefore, it is important to always be alert and follow the tips above to avoid becoming a victim of fraud. Pendle also continuously strives to improve the security of its platform and protect its users.

Check Crypto Prices Today:

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

Get to know about Phone Phishing and Steps to Prevent it

Alert! Telegram Account Hacking Via Dangerous Phishing Links

Warning! Decrypt Email Has Been Hacked, Beware of Phishing Emails

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.