CERTIK REVEALS FRAUD SCHEMES MISUSING ITS NAME 

CertiK, a prominent security firm specializing in blockchain, smart contract, and Web3 security, has found itself targeted by fraudsters exploiting its brand for deceptive purposes.

In a recent blog post, CertiK shed light on the challenges it faces beyond its core auditing services, including scams that misuse its brand to disseminate false information and defraud individuals.

One prevalent scam involves phishing websites falsely claiming to have undergone CertiK audits. These fraudulent certifications are used to trick users into investing in schemes such as Wixpool, a fraudulent crypto-mining site. CertiK actively reports these sites to hosting providers for takedown to protect users from financial losses.

Scammers also perpetrate exit scams by falsely asserting that their projects have been audited by CertiK. The Lymex scam is a notable example, resulting in approximately $300,000 in losses. CertiK emphasized the importance of verifying audit claims and conducting due diligence.

Social media platforms, especially LinkedIn, have become breeding grounds for scammers creating fake profiles impersonating CertiK employees. These imposters engage in fraudulent activities such as offering fake job positions, brokering fake deals, and presenting deceptive investment opportunities. CertiK advises users to validate the legitimacy of interactions.

Recovery scams, which target victims of investment fraud by promising to retrieve lost funds for an upfront fee, are another concern. CertiK urges caution regarding such frauds and clarifies that its genuine communication is through certik.com.

Misinformation and bot activity on platforms like Twitter have been persistent issues. CertiK has observed instances of brand misuse on such platforms, ranging from harmless inquiries to outright scams. The report underscores that CertiK is not affiliated with these posts and does not endorse them.

As scams and fraudulent activities continue to evolve, CertiK remains vigilant in protecting its brand and users from exploitation.

Read more from the blog

News

3 May 2023

StoneBlock CEO: Nervous investors will be eliminated from the market

News

3 Jun 2024

OKX LAUNCHES CRYPTO EXCHANGE AND WALLET IN THE NETHERLANDS 

News

3 Jun 2024

BITCOIN TRANSACTIONS HIT YEARLY HIGH WITH $25B MOVED