Users Who Purchase Other People’s Gmail Accounts to Log in to Worldcoin Are at Risk of Fund Theft

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Today’s Cryptocurrency Headline

23pds, the Chief Information Security Officer of SlowMist, has issued a reminder on Twitter regarding recent scams related to WorldCoin. As WorldCoin requires iris authentication, some individuals seeking to exploit the system have resorted to purchasing pre-verified Gmail accounts. This is where the scam comes into play. The scammers provide buyers with Gmail account credentials. These individuals then log into WorldCoin, perform transactions and exploit the system. However, WorldCoin’s design mechanism directly backs up the private key in plaintext TXT format on the Google account’s cloud storage. This is where the trap is set. The seller retains control over the Gmail account through other methods such as email forwarding and Key client login, allowing them to gain direct access to the buyer’s account, Gmail, and steal their assets and coins, among other things.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Although BTC broke below the recent strong support level of $26,500, it did not accelerate to breach $26,000 directly. Instead, it managed to stay above $26,000, indicating a potential washout phase where the chips of those who bought at $26,500 were shaken out. On the daily chart, BTC formed a bullish doji star pattern, but the volume did not keep up, suggesting a rebound with low trading volume. Currently, it finds support from the 120-day moving average (MA) and the Bollinger Bands are converging. The lower Bollinger Band provides support at $26,100, while on the 4-hour chart, the widening Bollinger Bands put pressure around the middle band at $26,800. Presently, the market is in a phase of rebound and adjustment.

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