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The Financial Supervisory Service (FSS) has issued a warning about a new phishing scam targeting virtual asset-related businesses and investors. On the morning of the 18th, it was revealed that fraudsters impersonated officials from the FSS’s Virtual Asset Investigation Bureau, sending out falsified official documents to blockchain companies and investors.
This scam employed highly sophisticated techniques. The perpetrators spoofed the official FSS email domain (@fss.or.kr) and misused an actual employee’s business card to enhance credibility. They also cited laws such as the Virtual Asset User Protection Act (VAUPA) to appear legitimate. In an attempt to lower recipients’ suspicions, the fraudsters claimed the document was being resent via email after being returned undelivered by postal mail.
The FSS has warned that links or attachments included in these emails could infect systems with malware or facilitate hacking attempts. Recipients of suspicious emails are strongly advised to verify the sender’s identity using the organization chart available on the FSS’s official website. Furthermore, the FSS emphasized the importance of directly contacting them to confirm any sudden requests for document submissions.
By staying vigilant and verifying all communications, individuals and organizations can protect themselves from falling victim to these scams.
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