The Swissquote, the online trading platform behind the app that Yuh friendly, is ordered by Swiss regulators to reduce the number of phishing and impersonation attempts that target its platforms.
More than 600 websites indicating Swissquote platforms or attempts to deceive users through fraudulent logging portals were discovered in the first half of 2025, according to Bloomberg.
The Swiss Financial Market Supervisory Authority (FINMA) cited the Yuh platform, which also featured crypto trading, as a major target of scammers scammers’ fraud campaigns.
Swissquote CEO Marc Buerki relates to revolt to fraudulent activity in AI, doing Malm campaigns are easier to launch. The CEO also said that no internal systems were compromised by fake websites.
Cointelegraph reached the company but did not receive a response at the time of publication.
Scams continue to be a problem for the crypto industry, worth of users Billions -billions of dollars in collective losses Participants in the market from the handling of digital assets have been discouraged and discouraged.
https://www.youtube.com/watch?v=T06MVWZ6NGM
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“So far in 2025, Onchain incidents have led to (around) $ 2.1 billion in losses. Most losses come from compromise and purse phishing, with increasing data leaks important to remain vigilant,” cybersecurity firm Certik Certik write in May.
Attacking phishingSocial Engineering campaigns, fraudulent websites, online pretending and Address of poisoning scams Some of the most common methods used by threat actors to deceive users and steal funds.
An elderly individual is the Target of a $ 330 million heist In April by a social engineering scam, According to In the onchain detective zachxbt. The robbery is ranked as the fifth largest crypto loss in history.
Even seasoned veterans of the industry have fallen into sophisticated social engineering scams. In June, crypto venture capitalist Mehdi Farooq, an investment partner in Hypersphere, revealed that he is victim of a phishing attack That dried up most of his lifestyle in life.
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