Beware of a new text scam targeting NJ cryptocurrency users

⚠ Cryptocurrency users in New Jersey need to be aware of a new text scam

⚠ The text includes a bogus code and a phone number to call

⚠ Don't fall for it, prosecutors warn

Another scam alert for New Jersey.

This time, the Middlesex County Prosecutor’s Office is warning about a text phishing scam for Coinbase, an American cryptocurrency exchange that allows the buying, selling, and holding of various forms of crypto.

ALSO READ: Two Atlantic City men admit to 2022 fatal shooting 

The scam targets cell phone users by sending a fake text with a bogus withdrawal code that makes it appear like someone is trying to take money from a person’s account. A phone number is also included in the text to call if the code was not requested.

Don’t call the number. It’s a scam, the prosecutor’s office warned.

Key indicators of this scam

• Messages from unknown numbers not associated with Coinbase
• Unsolicited one-time password codes or withdrawal notifications
• Requests to call a phone number to “verify” account activity
• Spelling errors or extremely urgent language

Protect yourself from this scam

• Do not provide account login information
• Do not share activity or financial account information
• Change your password if you called a phone number from the phishing text scam
• Call your bank if you provided any financial information
• Block any phone numbers. Report the text as junk/spam and send a screenshot of the fraudulent text in a message here.
• If you’ve been or think you’ve been victimized by a scam, call your local police department, too.

Report a correction 👈 | 👉 Contact our newsroom