Trust Wallet warns of fake crypto card website targeting users

cryptonews10-28 16:05

Trust Wallet’s security team has confirmed that a website advertising a cryptocurrency payment card with unusually generous benefits is fraudulent and has warned users against connecting their wallets...

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href=https://crypto.news/trust-wallet-warns-of-fake-crypto-card-website-targeting-users/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trust Wallet’s security team has confirmed that a website advertising a cryptocurrency payment card with unusually generous benefits is fraudulent and has warned users against connecting their wallets...</p>\n\n<a href=\"https://crypto.news/trust-wallet-warns-of-fake-crypto-card-website-targeting-users/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLOK","symbol_name":"Amplify Transformational Data Sharing 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$100,000 spending limit, up to 8% cashback, no KYC requirements, and airport lounge access, with card issuance advertised for just $1.Trust Wallet has clarified that its legitimate offerings are available through its official application and website, warning users against approving suspicious wallet connection requests or signatures.The website advertised the card as a way to spend cryptocurrency anywhere, with support for Apple Pay and Google Pay, zero foreign exchange fees, and no identity verification requirements.The offer included airport lounge access, ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLOK":"Amplify Transformational Data Sharing ETF","BKCH":"AdvisorShares Sabretooth ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","STCE":"Schwab Crypto Thematic ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","BITW":"Bitwise 10 Crypto Index ETF","HECO":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","DAPP":"VanEck Digital Transformation ETF","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","DIME":"CoinShares Altcoins ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF"},"translate_title":"Trust Wallet 警告针对用户的虚假加密货币卡网站","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GDLC":1.5,"BLOK":0.78,"DAPP":1.5,"HECO":0.87,"STCE":1.5,"TEKX":1.5,"BITQ":1.5,"LFGY":1.5,"NCIQ":1.5,"BKCH":1.5,"CRPT":1.5,"DIME":1.5,"BITW":1.5},"content_text":"Trust Wallet’s security team has confirmed that a website advertising a cryptocurrency payment card with unusually generous benefits is fraudulent and has warned users against connecting their wallets to the platform.\n\n\nSummary\n\n\n\nTrust Wallet’s security team has confirmed that a website advertising a cryptocurrency payment card with premium benefits is fraudulent and has warned users against connecting their wallets.\nThe fake website promises a $100,000 spending limit, up to 8% cashback, no KYC requirements, and airport lounge access, with card issuance advertised for just $1.\nSecurity researcher Daniel flagged the website after discovering that it used Trust Wallet’s branding to promote three card tiers and claimed to hold licenses in four countries.\nTrust Wallet has clarified that its legitimate offerings are available through its official application and website, warning users against approving suspicious wallet connection requests or signatures.\n\n\n\nCrypto security researcher Daniel, known as @0xDani on X, flagged the fake Trust Wallet card in a post on October 28, pointing to a website that used the wallet provider’s branding to promote a payment card with a $100,000 spending limit, cashback rewards of up to 8%, and several premium benefits.\n\nScammers are taking crypto cards to the next level 😂Check out this amazing offer:– No KYC– $100,000 spending limit– Up to 8% cashback– Zero FX fees– Apple Pay & Google Pay– Airport lounge access– Premium metal card– Just $1 issuance feeAnd apparently, they even have… pic.twitter.com/D9VunhEWNC— Daniel (@0xDani) October 26, 2026\n\nThe website advertised the card as a way to spend cryptocurrency anywhere, with support for Apple Pay and Google Pay, zero foreign exchange fees, and no identity verification requirements.\nJames Bro, who identified himself as speaking for Trust Wallet’s security team, responded to the warning and confirmed that the website was not associated with the company.\nFake Trust Wallet card promises premium benefits for $1\nAccording to Daniel’s screenshots, the fraudulent website presented what appeared to be a fully developed cryptocurrency card offering, complete with several membership tiers and a premium metal card.\nIts promotional material advertised a spending limit of up to $100,000, alongside cashback rewards reaching 8% for users choosing the highest card tier.\nThe offer included airport lounge access, zero foreign exchange fees, support for mobile payment services, and a physical metal card, all while claiming that users would only need to pay $1 to have their card issued.\nOne of the more unusual features was the promise of no Know Your Customer verification, commonly called KYC, despite the website advertising payment services and claiming to hold licenses in four countries.\nScreenshots shared by Daniel showed three card tiers, including Lite, Signature, and Metal, each carrying the Trust Wallet name and logo.\nThe entry-level Lite card promised up to 3% cashback, while the Signature version advertised rewards reaching 5%, along with zero foreign exchange fees and priority support.\nMeanwhile, the Metal tier was promoted with 8% cashback, unlimited airport lounge access, and round-the-clock concierge services.\nHowever, the offer required users to connect their cryptocurrency wallets, which Daniel identified as the dangerous part of the scheme.\nTrust Wallet security team denies connection to the website\nResponding to Daniel’s warning on X, James Bro confirmed that the website did not belong to Trust Wallet and directed users to the company’s official application and website.\nHe explained that legitimate Trust Wallet offerings are available through its official channels and warned users against connecting their wallets or approving suspicious requests to obtain a payment card.\nThe warning specifically addressed the website’s wallet connection requirement, which was presented as part of the process for accessing the advertised benefits.\nAlthough the website used Trust Wallet’s name, payment card designs, and promotional material, the security team’s response established that the offer was not an authorized company product.\nNo confirmed financial losses, affected wallet addresses, or details about the operators behind the fraudulent website were provided in the posts.\nThe warning follows earlier instances of criminals impersonating Trust Wallet through unofficial applications and websites.\nIn June 2024, crypto.news reported that Trust Wallet had warned users about counterfeit versions of its application appearing on Xiaomi and Amazon app stores.\nAt the time, the company said it had requested the removal of the fraudulent applications and encouraged users to obtain its wallet software through verified download channels.\nFake crypto websites can use wallet approvals to steal funds\nFraudulent cryptocurrency websites commonly attempt to obtain access to users’ assets by persuading them to approve malicious transactions or sign permissions that appear to be part of a legitimate service.\nA wallet connection alone does not automatically give a website permission to transfer cryptocurrency. However, attackers can use subsequent transaction requests or signatures to obtain spending permissions over specific tokens.\nSuch permissions can allow an attacker-controlled smart contract to transfer assets without requiring the victim to reveal their recovery phrase.\nIn July, an Ethereum user reportedly lost nearly $1 million after approving a malicious transaction that allowed attackers to move cryptocurrency from the affected wallet.\nThe incident followed another reported theft involving approximately $1.65 million, where a victim connected to a fraudulent exchange website and signed a malicious smart contract.\nSimilar methods were identified earlier this month when blockchain security firm Salus linked unauthorized USDG withdrawals to permit signatures that granted attackers unlimited token spending permissions.\nAccording to the firm’s findings, attackers used those permissions to transfer funds after obtaining authorization, without needing access to the victims’ private keys.\n\n\n\n\n\n                Read more:\n            \n\n                Circle, ACI Worldwide to test USDC settlement in Colombia’s banking system","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2678456754","isCrawlerRequest":true}