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Phishing Attacks on Celsius Network Creditors Escalate as Bankruptcy Wraps Up

Phishing Attacks on Celsius Network Creditors Escalate as Bankruptcy Wraps Up

Celsius creditors are urged to be extra vigilant as phishing attacks are expected to continue until the end of bankruptcy proceedings.

Creditors of the bankrupt crypto lending platform Celsius Network face a renewed threat from phishing attacks.

Over the past week, social media channels have been buzzing with reports of increasing phishing attacks targeting creditors of Celsius Network. It is reported that scammers are impersonating Stretto, the claims agent responsible for managing crypto lender's bankruptcy case.

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According to Celsius creditors, they received emails loaded with malicious links that looked as if they were sent from Stretto or directly from Celsius.

It is believed that scammers are taking advantage of the upcoming Celsius settlement plan vote. It is worth noting that, in mid-August, Celsius received a green light to distribute ballots to its customer base regarding a proposed settlement plan.

Simon Dixon, online investment platform BnkToTheFuture CEO and co-founder, confirmed that the last day for ballot submissions was September 18th. A report on the matter is set to be released on September 20th, followed by a confirmation hearing on September 29th. Celsius plans to secure final court approval for its restructuring agenda on October 2nd.

These phishing attacks are not random. They seem to originate from previous data breaches involving Celsius Network, such as the April 2021 data leak, when the company’s email server was compromised, leading to malicious emails sent to those affected.

One industry analyst and business manager has warned that these phishing attacks will continue to escalate as the bankruptcy proceedings reach their final stages. He emphasized the importance of extra vigilance, urging creditors to double-check any links they encounter.

As Celsius Network's bankruptcy procedures near an end, creditors are being targeted by an increased wave of sophisticated phishing attacks. These scams are often masked as official communications from Stretto or Celsius itself, making it imperative for users to exercise caution. With a history of data breaches and ongoing uncertainty due to the bankruptcy, creditors are urged to remain vigilant in these trying times.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.



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