"Virtual Asset Business Consultation Available"... Beware of Upbit Employee Impersonation Scam

There have been cases of fraud where individuals impersonate current and former Upbit employees to approach an unspecified number of people, prompting a warning for users to be cautious.

Upbit operator Dunamu announced on the 22nd that users should be wary of cyber fraud involving impersonation of current and former Upbit employees.

According to cases disclosed by Upbit, a recent impersonator posted a fabricated employee ID card on social media (SNS), claiming to be a "current or former employee who worked at Upbit three years ago."

This impersonator promotes their own business and approaches an unspecified number of people under the pretext of "helping to develop a business model." An Upbit official stated, "Photos of employee ID cards have never been publicly released, and all posted ID cards are fake," adding, "Upbit never requests personal information or contacts users through personal channels under any circumstances."

There are also cases where fraudsters lure victims by offering information on virtual asset listings. Another attacker impersonating a current Upbit employee is distributing a PDF (.pdf) file claiming to "reveal 10 virtual assets that Upbit will list during a specific period." The impersonator manipulates the content to appear as if a messenger conversation between specific individuals was leaked, encouraging the purchase of certain virtual assets, requiring users to exercise extreme caution. Such behavior can lead to telecommunications financial fraud.

Upbit emphasized, "All information related to trading support is provided only through Upbit announcements," and "employees do not directly provide guidance on future trading support via KakaoTalk chat rooms or other personal channels." They added, "If someone quotes an Upbit official, it may be unverified information, so users should be aware of this to avoid any damage to their assets."

To prevent fraud involving impersonation of employees, Upbit is accepting reports through its website. Upbit users can report by selecting the "Report impersonation of Upbit staff or agents" option under the "1:1 Inquiry" tab in the Upbit (web/app) customer center.

Additionally, suspected investment fraud cases can be reported through the police, the Financial Supervisory Service, and the Cybercrime Reporting Portal. Upbit plans to take strong legal actions against confirmed fraud cases based on reports received.

This content was produced with the assistance of AI translation services.