Users of the Gemini crypto accounts complain about scammers sending letters about bankruptcy of the site. Attackers urge them to “protect their funds”, providing phishing links.

The letters falsely states that the Gemini funds worth $ 1.2 billion in a cold wallet are compromised. The reason for this was allegedly a violation of the exchange of exchange at the end of 2024, and due to operating and regulatory problems, Gemini submits a bankruptcy statement. Scammers are trying to convince users to transfer funds to Exodus wallet and provide a fake SID-Fraz.

“We inform you that as of March 31, Gemini Trust Company, LLC submitted a bankruptcy protection application in accordance with Chapter 11. The exchange was forced to do this due to large financial losses due to violation of security from the casteadial service with which we cooperated. We strive to help you protect your assets, ”the letter says.

Many traders took these letters as an April Fool, but in fact they are part of the fraudulent scheme. Therefore, users are recommended to check information on official sources, do not move on suspicious links and do not provide personal data to anyone.

Last year, Ledger hardware wallet users were subjected to phishing attacks. Attackers reported a leak of confidential data and asked users to confirm the recovery phrase.