There are scam text messages circulating that claim to be from CoinSpot (the Australian cryptocurrency exchange) but are not legitimate.
Here’s a breakdown of how they work and how you can protect yourself.
✅ What’s going on
CoinSpot itself warns that scammers are using SMS (smishing) and calls to impersonate themExample: Texts that say something like:
“CoinSpot: Your withdrawal code is xxxxxx. Please do not share this code with anyone. If you did NOT request this, call +61 2 4072 1957” — reported as scam.
Numbers reported include: 02 8311 0380, 03 9340 8269, 02 4072 1957, etc., which have been flagged for impersonating CoinSpot.
The Australian authority National Anti‑Scam Centre notes that scammers often send texts claiming “unauthorised activity” on your account and prompt you to click a link or call a number.
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🚫 Red flags to watch out for
These are signs a message might be a scam:
You receive an unsolicited SMS claiming there’s suspicious activity on your CoinSpot account, especially asking you to call a number.
The SMS includes a code or link and urges you to act immediately.
The sender number is unfamiliar or from an overseas/odd area code.
You did not initiate any action (login, withdrawal, device change) but still get a “security alert”.
The message asks you to share your login credentials, 2FA code, or to send crypto/funds to another wallet.
The website it links to looks slightly off, or you’re asked to download remote‑access software.
The message claims to be CoinSpot but CoinSpot says they “will never ask you to call a mobile number from an SMS.”
🛡 What you should do
If you receive such a text:
Don’t respond. Don’t call the number, don’t click the link, don’t share codes.
Log in to your CoinSpot account via their official site/app without using the link to check for any alerts or unauthorised activity.
Enable strong security settings:
Use an app‑based 2FA (not SMS if possible).
Use the Anti‑Phishing Phrase feature that CoinSpot offers.
Report the scam:
To CoinSpot Support.
To Australian authorities (e.g., Scamwatch, CyberSecurity centre).
Block the number and if needed, alert your mobile carrier.
Review all your accounts for any unusual transactions, and consider changing passwords/2FA.
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