Swissquote ordered by Swiss regulators to address phishing and impersonation attempts on Yuh app
From Cointelegraph
July 1, 2025 2:52 pm:
Swiss regulators order Swissquote to reduce phishing and impersonation attempts on Yuh app. Over 600 fake websites targeting users discovered in first half of 2025. FINMA cites Yuh platform as major scam target. CEO attributes uptick in fraud to AI. Scams cost billions annually, discouraging market participants. Cybersecurity firm CertiK warns of $2.1 billion in onchain losses in 2025 due to phishing and wallet compromises.
Sophisticated scams in crypto industry continue to deceive users. $330 million heist in April targeted elderly individual, ranking as fifth-largest crypto loss in history. Industry veteran falls victim to phishing attack draining life savings. Threat actors use various methods like phishing, social engineering, and address poisoning to steal funds.
Even experienced industry professionals are falling for social engineering scams. Crypto venture capitalist loses life savings in phishing attack. Scammers employ phishing, social engineering, and other tactics to deceive users and steal funds. Magazine article links fake Rabby Wallet scam to Dubai crypto CEO and multiple victims.
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