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Namecheap Email Account Breach Leads to MetaMask Phishing Campaign

In a recent turn of events, the domain registrar, Namecheap, had their email account breached on Sunday night, leading to a surge of phishing emails that targeted users’ personal information and cryptocurrency wallets. The phishing emails, which originated from SendGrid, a platform used by Namecheap for sending renewal notices and marketing emails, started around 4:30 PM ET.

The phishing emails impersonated either DHL or MetaMask, with the former claiming to be a bill for a delivery fee and the latter appearing to be a required KYC verification. The MetaMask phishing email prompted users to complete KYC verification to avoid suspension of their wallet and included a marketing link that redirected users to a phishing page.

However, MetaMask, a popular Ethereum wallet, has issued a warning to users, stating that they do not collect KYC information and will never email users about their account. The company also warned users never to enter their secret recovery phrase or private key on any website and to immediately delete any such emails received.

“We are writing to inform you that in order to continue using our wallet service, it is important to obtain KYC (Know Your Customer) verification. KYC verification helps us to ensure that we are providing our services to legitimate customers. By completing KYC verification, you will be able to securely store, withdraw, and transfer funds without any interruptions. It also helps us to protect you against financial fraud and other security threats. We urge you to complete KYC verification as soon as possible to avoid suspension of your wallet.” MetaMask said.

NameCheap reiterated that its systems were not hacked and no customer information was compromised during the recent event. Within a quick response time of two hours from the initial notification, NameCheap announced that its email services were fully operational and all communications would be from the official NameCheap source.

The recent Namecheap email account breach has led to a surge of phishing emails targeting users’ personal information and cryptocurrency wallets. If you received any such emails, it is advised to immediately delete them and not to click on any links. Always be cautious and verify the source of any emails before providing any personal information or entering your secret recovery phrase or private key.

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