CoinW issued a security alert: Beware of fake websites and applications that may induce you to transfer funds.

CoinW recently issued an official announcement warning of a recent fraudulent activity involving a fake website and mobile application (App). The scammers maliciously imitated CoinW's name, graphics, logo, and brand image. They targeted potential victims through the internet and publicly available information on social media platforms such as LinkedIn. They used victims' social media profiles to verify their location and establish initial contact, then induced users to transfer communication to Telegram. The scammers commonly used manipulative tactics (including fabricating stories of a "luxurious lifestyle") to trick victims into transferring cryptocurrency to wallet addresses they controlled. CoinW strongly advises users to access the official website or download the app only through official channels. If you have any doubts about the source of information, please contact the CoinW legal team immediately for verification. If you discover any suspicious websites or counterfeit apps, please immediately stop using them and report them to CoinW. CoinW stated that it will continue to strengthen its security and risk control system, maintain a safe, fair, and transparent trading environment, and firmly support global anti-fraud, anti-money laundering, and sanctions compliance efforts.