How to spot fake emails like "Abode Wallet" scam email
Written by Tomas Meskauskas on
What kind of scam is "Abode Wallet"?
After a thorough examination, our team has determined that the email in question is a form of an investment scam. Scammers usually use these types of emails to trick individuals into sharing confidential information or making money transfers. It is recommended that recipients disregard any emails of this nature.
More about the "Abode Wallet" scam email
This email is presented as a letter from Joan Smith, who claims to be a representative and stockbroker at Abode, a public asset management and blockchain cryptocurrency company in the United States.
The email discusses the benefits of investing in cryptocurrency, citing the BRICS nations' plan to reject the US dollar for financial transactions and potentially back their proposed fiat currency with Bitcoin and Ethereum.
The email also highlights Abodewallet's services, including actively managing cryptocurrency portfolios, offering crypto business/private loans, and providing gateway payment for converting funds in financial banks into cryptocurrency. The email concludes with an invitation to invest, stake, buy, and hold cryptocurrency at Abode.
This email is a scam. Scammers behind it attempt to trick recipients into investing money or providing personal information. Scammers often use persuasive language and false promises to lure people into making hasty decisions about their money.
Name | Adobe Wallet Email Scam |
Threat Type | Phishing, Scam, Social Engineering, Fraud |
Disguise | Letter from Abode's representative |
Symptoms | Unauthorized online purchases, changed online account passwords, identity theft, illegal access of the computer. |
Distribution methods | Deceptive emails, rogue online pop-up ads, search engine poisoning techniques, misspelled domains. |
Damage | Loss of sensitive private information, monetary loss, identity theft. |
Malware Removal (Windows) | To eliminate possible malware infections, scan your computer with legitimate antivirus software. Our security researchers recommend using Combo Cleaner. |
Similar scam emails in general
Emails of this nature often use persuasive language and false promises to encourage recipients to make hasty investment decisions. They may also request personal information, such as banking details or social security numbers, or ask for money transfers through untraceable methods like Bitcoin.
Additionally, they may come from unknown or suspicious email addresses and contain spelling and grammar errors. Examples of similar emails are "Investment Manager Email Scam", "Retirement Funds Email Scam", and "ETH (Ethereum) Giveaway Email Scam". It is important to know that emails can be used to deliver malware.
How do spam campaigns infect computers?
Cybercriminals use email to deceive users into infecting their computers by sending malicious files or links that lead to fake websites or malware. These files may include harmful MS Office or PDF documents, JavaScript files, executables, ISO files, and archive files such as ZIP or RAR.
When users click on the link or download the attachment, the malware can infect their computers by exploiting operating system vulnerabilities or tricking victims into granting permission for installation.
How to avoid installation of malware?
Exercise caution when opening files/attachments or clicking on links in suspicious emails, particularly if they are from unknown sources and seem irrelevant. Use reliable antivirus and anti-malware software and regularly update them.
Keep your operating system and all software up to date, and download programs and files only from official and verified sources, while avoiding other untrusted sources. Lastly, avoid placing trust in advertisements on untrustworthy websites.
If you've already opened malicious attachments, we recommend running a scan with Combo Cleaner Antivirus for Windows to automatically eliminate infiltrated malware.
Text presented in the "Abode Wallet" email letter:
Subject: ATTENTION: FOR YOUR LOANS, PROJECT FINANCING, JV's, PV, TRADING AND MORE CHECK EMAIL CONTENT.
Hello, I am glad you received this mail successfully.
I am Joan Smith, a representative and stock broker with Abode.
Taking advantage of the Cryptocurrency Market today will be one
out of the best decisions ever made as the BRICS nations are
fully set to reject the united states Dollars for financial
Transactions.The BRICS` rejection of the US. Dollars by August, 2023 will
favor the cryptocurrency market as the BRICS nations consider
backing up the proposed BRICS Fiat Currency with BITCOIN,
ETHEREUM and others. The united states as the highest Gold
reserve also considers rejecting Gold and backing up the US.
Dollars with Cryptocurrencies if the BRICS considers Gold as back
up. Either way, it is a win for the cryptocurrency market.Abode is a public assets management and blockchain cryptocurrency
company in the United States of America. Illinois, Chicago Est.
2013
At Abodewallet, We are specialized in actively managing
cryptocurrency portfolios of our clients to ensure it remains
appropriate for ever changing conditions in the global economy
and financial markets. Our professional traders and Sophisticated
market-leading software enables us to monitor how your
Staking/investments perform.Abodewallet also features in
- Crypto Business/private Loans
- crypto Hodling for future profits
- Gateway payment for quick, easy, convenient conversion of funds
in financial banks into cryptocurrency with no amount limitation.Invest/stake, Loan, Buy and Hodl you cryptocurrency today at
ABODE…..The grand edifice of cryptocurrency to ensure that
returns are satisfactory and consistent and also have a peer
review for investment suitability.Thanks,
Joan Smith.
Abode representative,
stock broker.
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Quick menu:
- What is Abode Wallet investment scam?
- Types of malicious emails.
- How to spot a malicious email?
- What to do if you fell for an email scam?
Types of malicious emails:
Phishing Emails
Most commonly, cybercriminals use deceptive emails to trick Internet users into giving away their sensitive private information, for example, login information for various online services, email accounts, or online banking information.
Such attacks are called phishing. In a phishing attack, cybercriminals usually send an email message with some popular service logo (for example, Microsoft, DHL, Amazon, Netflix), create urgency (wrong shipping address, expired password, etc.), and place a link which they hope their potential victims will click on.
After clicking the link presented in such email message, victims are redirected to a fake website that looks identical or extremely similar to the original one. Victims are then asked to enter their password, credit card details, or some other information that gets stolen by cybercriminals.
Emails with Malicious Attachments
Another popular attack vector is email spam with malicious attachments that infect users' computers with malware. Malicious attachments usually carry trojans that are capable of stealing passwords, banking information, and other sensitive information.
In such attacks, cybercriminals' main goal is to trick their potential victims into opening an infected email attachment. To achieve this goal, email messages usually talk about recently received invoices, faxes, or voice messages.
If a potential victim falls for the lure and opens the attachment, their computers get infected, and cybercriminals can collect a lot of sensitive information.
While it's a more complicated method to steal personal information (spam filters and antivirus programs usually detect such attempts), if successful, cybercriminals can get a much wider array of data and can collect information for a long period of time.
Sextortion Emails
This is a type of phishing. In this case, users receive an email claiming that a cybercriminal could access the webcam of the potential victim and has a video recording of one's masturbation.
To get rid of the video, victims are asked to pay a ransom (usually using Bitcoin or another cryptocurrency). Nevertheless, all of these claims are false - users who receive such emails should ignore and delete them.
How to spot a malicious email?
While cyber criminals try to make their lure emails look trustworthy, here are some things that you should look for when trying to spot a phishing email:
- Check the sender's ("from") email address: Hover your mouse over the "from" address and check if it's legitimate. For example, if you received an email from Microsoft, be sure to check if the email address is @microsoft.com and not something suspicious like @m1crosoft.com, @microsfot.com, @account-security-noreply.com, etc.
- Check for generic greetings: If the greeting in the email is "Dear user", "Dear @youremail.com", "Dear valued customer", this should raise suspiciousness. Most commonly, companies call you by your name. Lack of this information could signal a phishing attempt.
- Check the links in the email: Hover your mouse over the link presented in the email, if the link that appears seems suspicious, don't click it. For example, if you received an email from Microsoft and the link in the email shows that it will go to firebasestorage.googleapis.com/v0... you shouldn't trust it. It's best not to click any links in the emails but to visit the company website that sent you the email in the first place.
- Don't blindly trust email attachments: Most commonly, legitimate companies will ask you to log in to their website and to view any documents there; if you received an email with an attachment, it's a good idea to scan it with an antivirus application. Infected email attachments are a common attack vector used by cybercriminals.
To minimise the risk of opening phishing and malicious emails we recommend using Combo Cleaner Antivirus for Windows.
Example of a spam email:
What to do if you fell for an email scam?
- If you clicked on a link in a phishing email and entered your password - be sure to change your password as soon as possible. Usually, cybercriminals collect stolen credentials and then sell them to other groups that use them for malicious purposes. If you change your password in a timely manner, there's a chance that criminals won't have enough time to do any damage.
- If you entered your credit card information - contact your bank as soon as possible and explain the situation. There's a good chance that you will need to cancel your compromised credit card and get a new one.
- If you see any signs of identity theft - you should immediately contact the Federal Trade Commission. This institution will collect information about your situation and create a personal recovery plan.
- If you opened a malicious attachment - your computer is probably infected, you should scan it with a reputable antivirus application. For this purpose, we recommend using Combo Cleaner Antivirus for Windows.
- Help other Internet users - report phishing emails to Anti-Phishing Working Group, FBI’s Internet Crime Complaint Center, National Fraud Information Center and U.S. Department of Justice.
Frequently Asked Questions (FAQ)
Why did I receive this email?
Criminals send identical letters to thousands of recipients with the hope that someone will be fooled into responding and providing personal information or sending money. These spam emails are never tailored to an individual and lack personalization.
I have provided my personal information when tricked by this email, what should I do?
In case you have provided any account credentials, it is crucial to change all passwords immediately. Additionally, if you have shared other personal information, such as credit card details or ID card information, it is recommended to contact the relevant authorities as soon as possible.
I have downloaded and opened a malicious file attached to an email, is my computer infected?
The system is likely infected if the file you opened is executable. However, if you opened PDF or DOC file, for example, there is a possibility that you may have avoided the infection. It is because, in certain cases, merely opening a file does not allow malware to penetrate the system.
I have sent cryptocurrency to the address presented in such email, can I get my money back?
Unfortunately, it is unlikely that you will be able to recover the cryptocurrency you sent to the address presented in the email, as cryptocurrency transactions are typically irreversible. Unlike traditional banking transactions, there is no central authority to oversee cryptocurrency transactions or reverse them.
I have read the email but did not open the attachment, is my computer infected?
Merely opening an email is not harmful at all. The action that can lead to system infections is clicking links within emails or opening attached files.
Will Combo Cleaner remove malware infections that were present in email attachment?
Combo Cleaner is a powerful tool that detects and removes almost all known malware infections. Nevertheless, it is important to note that sophisticated malware can be deeply embedded within a system, so performing a full system scan is essential to ensure complete removal.
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