Gemini

Encrypted users report new scam emails impersonating Coinbase and Gemini

ChainCatcher news, according to Cointelegraph, recently, multiple cryptocurrency users have reported an increase in phishing emails impersonating cryptocurrency exchanges Coinbase and Gemini. These emails attempt to lure users into setting up new wallets using pre-generated recovery phrases controlled by the scammers, thereby stealing user assets. In several examples posted on the X platform, the phishing emails claim to be from Coinbase, urging users to transition to self-custody wallets and providing instructions to download the legitimate Coinbase wallet, while setting April 1 as the deadline for the transition. The emails also include pre-generated recovery phrases. Once users open new wallets and transfer funds using these phrases, all assets will fall into the hands of the scammers, who may directly empty the wallets.The emails also mention a class-action lawsuit against Coinbase, falsely claiming that it was ordered by the court to have users manage their own wallets due to the sale of unregistered securities. The fraudulent emails state: "Coinbase will operate as a registered broker, allowing purchases, but all assets must be transferred to the Coinbase wallet." In fact, the U.S. Securities and Exchange Commission (SEC) dismissed the lawsuit against Coinbase for being an unregistered broker and selling unregistered securities on February 27. Coinbase responded by stating that they are aware of this scam and issued a reminder to users on March 14 via the X platform: "We will never send you recovery phrases, and you should not enter recovery phrases provided by others." Additionally, the cryptocurrency exchange Gemini has also encountered similar phishing emails. The scammers use the same strategy, claiming that users need to set up new wallets due to a recent court ruling.Gemini was previously sued by the SEC for allegedly offering unregistered securities through its Earn program, but the regulatory agency chose to terminate legal action on February 26.

Gemini Report: Generation Z is the most invested and optimistic generation towards digital assets

ChainCatcher news, according to The Block, the latest cryptocurrency status report from Gemini shows that Gen Z adults aged 18-29 are the generation most focused on the digital asset space and hold an optimistic attitude towards it.The report surveyed 6,000 adults in the United States, the United Kingdom, France, Singapore, and Turkey, including both cryptocurrency owners and non-owners. The report states that globally, 51% of Gen Z (ages 18-29) respondents indicated that they currently own or have previously owned cryptocurrency, significantly higher than the general population's 35%.In the United States, over half of Gen Z respondents own or have owned cryptocurrency, accounting for 51%, while the percentage for millennials (born 1981 to 1996) is 49%, and for Generation X (born 1965 to 1980) it is 29%.This trend is evident in several countries, including the United Kingdom, where 53% of Gen Z own cryptocurrency, compared to 32% of the general population; in Singapore, the figures are 50% and 42%, respectively; in France, 47% of Gen Z hold cryptocurrency, while the general population's figure is 31%.The report adds, "While older generations show a clear level of engagement, the ownership rate among Gen Z indicates a deep integration of digital assets into their investment portfolios, which may continue in the current bull market." "In the United States, one-third (33%) of Gen Z respondents indicated they are willing to allocate at least 5% of their portfolios to cryptocurrency, compared to 21% of the general population."Data shows that Gen Z holds a more open attitude towards cryptocurrency regulation, with only 31% believing that regulation needs to be strengthened, compared to 46% of the general population. Additionally, the report found that Gen Z views cryptocurrency as a tool to combat inflation; for example, in the UK, 42% of Gen Z cryptocurrency holders indicated they use cryptocurrency to hedge against inflation. Among all cryptocurrency holders in the UK, this figure is close to one-third (32%).
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