Read to protect your funds

Hello everyone,I was recently a victim of a scam known as Sim-Swapping. Sim swapping is when someone pretends to be you telling your phone provider rep that he/she lost the phone, someone in that company is bribed, or is purposely swapping your sim. Once your sim is swapped, they are able to reset your password in certain websites, in my case it was yahoo. Yahoo sends a verification code to my number to reset my password. But it's not me that is requesting a password reset, it is the scammer using the sim swapped phone. Once the password is reset, they now have access to my personal email account. From then on they start changing your other account passwords such as gemini, coinbase, and other companies. Once that is done they request withdrawals in the accounts. They have your number & email now so they confirm withdrawals. I lost about $600 in Bitcoin like this. I changed my number and stoped using 2fa sms. Please, DO NOT USE sms as a means to verify. Use authenticator apps, or keys. Also DO NOT keep your funds on the exchanges, use a cold storage like trezor or ledger. Although ledger was recently compromised and lost personal info of clients. They still don't have access to your coins even if they know your life's story, they need the key. BE VERY CAREFUL of phishing scams. Sometimes they know your name, number and pretend they're a company familiar to you saying you were "hacked" or sent money to another account and if that was you.DO NOT BE LAZY, MOVE YOUR FUNDS outside the exchange.

Submitted December 13, 2020 at 11:21AM

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