Creditors of the troubled crypto lender Celsius Network are facing an increased risk of phishing attacks as the lender’s bankruptcy proceedings near their conclusion.
Reports on social media have indicated a rise in phishing attacks by scammers pretending to be Stretto, the bankruptcy services platform for Celsius and its creditors. Some victims have received fraudulent emails that claim to be from Celsius, while others have been targeted with fake emails containing malicious links impersonating Stretto, the claims agent overseeing the bankruptcy case.
These phishing attacks seem to be exploiting previous data breaches, including one involving Celsius Network’s email server in April 2021 and another third-party data breach in July 2022. In both cases, user details were exposed, making these individuals susceptible to malicious emails and phishing attempts.
Phishing Risks During Celsius Network’s Bankruptcy: What Creditors Need to Know
As the Celsius bankruptcy proceedings approach their final stages, with a voting deadline of September 18 and a report scheduled for September 20, it’s expected that phishing attacks will continue to increase. Creditors are urged to exercise caution, verify links, and take necessary precautions to protect their assets.
Celsius Network halted withdrawals in June 2022 following the collapse of the Terra/Luna ecosystem, leading to the lender’s bankruptcy filing. Customers have been eagerly awaiting resolution and reimbursement as the proceedings unfold.