News View Non-AMP

Unstoppable Domains Targeted in Phishing Hoax; Ripple CTO Issues Scam Alert

Published by
Qadir AK

Crypto-focused cybersecurity experts are warning that Unstoppable Domains, which produces domain service-related Ethereum websites, was the focal point of a phishing hoax. 

Ripple’s CTO rounds off the list of threats to the crypto community by pointing out a phishing scam that targets users of the Unstoppable Domain, a major decentralized name service provider. 

The scammers involved in the scheme using a post on X, formerly known as Twitter, send fake emails advertising a fake $UDOM token that they portrayed as live and ready for users to claim. The email displays clickable links; Schwartz advised recipients not to click on any link connected with the email because it leads to websites created to steal crypto funds. This phishing attempt was first discovered by an X user Arijit who posted a screenshot of such a deceptive email. 

As much as Unstoppable Domains is one of the biggest players in the domain name space, it has never launched any token, which means this is a bare-faced scam to rip off users. Schwartz’s warning reiterates the fact that there is still no room for complacency as a lot of risks are still present such as phishing scams and fake token sales.

Some of the recent cryptocurrency scams are The Penpie hack where a hacker stole crypto worth $27 million and cashed out 11,160 ETH through Tornado Cash. 

Likewise, WazirX was compromised with $235 million, and 7,200 Ether (about $17. 3 million) was passed through the Tornado Cash service. The dynamics of the Fenbushi Capital hack were similar—$42 million was taken from Bo Shen’s personal account, out of which 1,000 ETH was processed. 

These occurrences clearly indicate that Tornado Cash is increasingly being utilized to launder the proceeds of crime while phishing seeks to exploit consumer suspicion, as evidenced by the Unstoppable Domains phishing scam. Thus as the threats from the cryptocurrency space are also increasing, the knowledge of potential risks and protection is essential.

Read Also: US Recession Warning: How Economic Downturns Could Hit Cryptocurrencies Hard

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

7 Best Meme Coins to Buy Now — APC Coin’s Deflationary Setup Catches Eyes with Neiro, Pepe Unchained, and More

What if the next big crypto boom isn't driven by Bitcoin or Ethereum, but by…

June 7, 2025

Top 7 Indicators That Ozak AI Is the Next Big Thing in AI Tokens

Convergence of artificial intelligence (AI) and blockchain technology continues to reshape the crypto space, one…

June 7, 2025

A New Era Begins with FUNToken AI Agent

FUNToken launches a smart rewards bot — the first step toward building an AI agent…

June 7, 2025

The 6 Best Crypto Exchanges: Top Picks for Seasoned Pros in 2025

The crypto market of 2025 is now a full-blown financial arena where professionals, institutional traders,…

June 7, 2025

Analysts Say This New Crypto Is The Best Risk-To-Reward Play Over Dogecoin (DOGE)

Analysts are spotlighting Mutuum Finance (MUTM) as the best crypto to buy now, outshining Dogecoin…

June 7, 2025

Investors Are Moving Beyond Dogecoin (DOGE): Ruvi AI (RUVI) Emerges as the Smarter 2025 Altcoin Bet

Investors seeking more than speculative momentum are increasingly shifting their attention from Dogecoin (DOGE) toward…

June 7, 2025