Millionero, a global spot and perpetual cryptocurrency exchange, has issued a public warning amid a growing wave of sophisticated phishing scams targeting users in the digital asset space.
The platform is urging its community to stay alert as cybercriminals increasingly impersonate trusted brands, executives, and crypto platforms with alarming accuracy.
According to CEO Syed Suleman Kazim, the company has observed a recent surge in fraudulent activity, including spoofed emails, fake Telegram groups, and scam messages falsely claiming to be from Millionero representatives. Kazim stressed that neither he nor any Millionero staff member will ever reach out via email, WhatsApp, Telegram, or other channels to request sensitive account details, seed phrases, passwords, or two-factor authentication codes. Any such request, he warned, should be considered an immediate red flag.
To help users protect themselves, Millionero is advising all customers to verify that official communications originate from addresses ending in @millionero.com. The company also recommends checking for secure website indicators, such as URLs beginning with “https://” and the presence of a padlock icon. Importantly, users are reminded that any legitimate alerts will also be visible directly within the Millionero app dashboard.
Additionally, the exchange encourages users to activate strong two-factor authentication tools, such as Google Authenticator, rather than relying on more vulnerable SMS codes. Messages that pressure recipients to act urgently should also be treated with suspicion, as they are commonly used in phishing schemes.
The platform also shared key security tips for 2025, including rotating passwords every 90 days, using a reliable password manager, and avoiding links from influencers or unverified sources. Users are particularly advised to steer clear of random links shared via Telegram or Zoom, which can silently install malware capable of hijacking wallets like MetaMask.
This warning comes at a critical time for the industry. According to a new report from blockchain intelligence firm TRM Labs, more than $2.1 billion in cryptocurrency was stolen in the first half of 2025 alone, driven primarily by private key exploits and front-end vulnerabilities.
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