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Market News

Phishing Emails Pose as Patreon, Promoting Fake Crypto Projects

Patreon sheds more light, explaining the scam emails were sent as part of a “malicious coordinated attempt” to access users’ cryptocurrency wallets.

Written By Ezra Kaimenyi
Published 2024-01-29
Make The Crypto Times preferred on GoogleGoogle
Phishing Emails Pose as Patreon, Promoting Fake Crypto Projects


Crypto users are expressing concerns about a series of crypto-themed phishing emails that appear to originate from the content creator platform Patreon.

Reports on social media platforms, including X, suggest that scammers have been signing up crypto users’ email addresses for Patreon accounts and enrolling them in deceptive email lists associated with fake crypto projects on the platform.

Crypto guys

The scammers are getting smarter and smarter.

I received the email on the left and I ignored cos I didn't register for patreon

After a few minutes, I received another mail (second frame)

I clicked and I met this (third frame).

This is clearly a scam although… pic.twitter.com/FEtKWboKvv

— King Jeremy 🫆 (@JeremyofCrypto) January 28, 2024

Reports of these phishing attempts began surfacing on January 23, with victims receiving fraudulent airdrop offers from Patreon creators impersonating well-known crypto projects such as Chainlink, Solana, and Manta Network.

In response to community concerns, Patreon Support acknowledged the issue on January 25, attributing it to an “email verification problem” and a false claim from a crypto account pretending to be a Patreon creator. The platform assured users that affected accounts were being addressed.

We identified and resolved an issue with email verification and a follow-up from a crypto account falsely claiming to be a Patreon creator. Please disregard these emails. Additional safeguards are in place to prevent future occurrences, and affected accounts are being addressed.

— Patreon Support (@PatreonSupport) January 25, 2024

A screenshot of an email from Patreon showed that the fake emails were part of a plan to access users’ cryptocurrency wallets secretly. Patreon claimed to have resolved the problem, but some users reported receiving scam emails in the following days.

Despite the platform’s efforts, the crypto community remains wary, with one Reddit user mentioning receiving multiple suspicious emails about a “Manta” airdrop.

The incident shows the continual threat of scams targeting cryptocurrency users. In 2023, over 300,000 crypto users fell victim to such scams, resulting in total losses of over $295 million.

The situation indicates the need to be careful within the crypto community to safeguard against scam attempts and the importance of platforms like Patreon taking proactive measures to protect their users’ security.

Also Read: Ottawa Police Caution Residents About Cryptocurrency Job Scam

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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