SMS News

Robinhood has settled a long-running class-action lawsuit in Washington that involved unsolicited text spamming via its ‘refer-a-friend’ program.

While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA.

The level of security provided by SMS pales in comparison to authenticators or physical security keys, CertiK’s Jesse Leclere says in an interview.

“A person literally without no internet access can go from having no Bitcoin to having Bitcoin and then go to spending Bitcoin,” Kgothatso Ngako explains.

The scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials.

The historic 15 character-long SMS will be auctioned off to help the displaced refugees across the globe.

Malicious actors reportedly took advantage of Coinbase’s SMS account recovery process to gain access to user funds.

India’s SMS regulation requires businesses to comply with pre-registered messaging templates to counter spam and fraud.

The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.

Celsius customers have been targeted with fraudulent SMS and email communications after a third-party email distribution server was compromised by hackers.

A Bitcoin exchange transaction resulted in a user getting scammed as a spoofed SMS message from a payment app made it seem that the attacker executed the payment.

Venezuelan digital asset exchange Criptolago has introduced SMS-based cryptocurrency transfers.

A blockchain project is enabling the public to send and receive crypto through Facebook Messenger, and says this could be the catalyst for mainstream adoption.

Bitstake, a cryptocurrency exchange startup, offers a wide range of solutions to the 178 million people of Nigeria.