Velvet Capital, a blockchain-based investment firm backed by Binance Labs, has announced that it is temporarily offline due to the risk of a potential phishing attack. As a precautionary measure to protect the assets and personal data of their users, the company has decided to halt its services for an indefinite period.
Phishing attacks are commonplace in the world of internet and especially within the cryptocurrency space. In such scams, attackers trick users into sharing their sensitive information such as login credentials, which they then use to steal their victims’ funds or data.
If you are a Velvet Capital user, the company will likely advise you to take certain precautions, such as not clicking on suspicious links or responding to unverified emails. It’s also crucial to ensure your passwords, two-factor authentication, and other account protections are robust and secure.
Rest assured, Velvet Capital is working to rectify the situation as soon as possible. It will likely provide updates about the situation on its official website or social media channels. The ultimate goal is to restore operations while ensuring the utmost safety and security for its platform users.