There are scam text messages circulating that claim to be from CoinSpot (the Australian cryptocurrency exchange) but are not legitimate.
Here’s a breakdown of how they work and how you can protect yourself.
✅ What’s going on
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CoinSpot itself warns that scammers are using SMS (smishing) and calls to impersonate themExample: Texts that say something like:
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“CoinSpot: Your withdrawal code is xxxxxx. Please do not share this code with anyone. If you did NOT request this, call +61 2 4072 1957” — reported as scam.
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Numbers reported include: 02 8311 0380, 03 9340 8269, 02 4072 1957, etc., which have been flagged for impersonating CoinSpot.
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The Australian authority National Anti‑Scam Centre notes that scammers often send texts claiming “unauthorised activity” on your account and prompt you to click a link or call a number.
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🚫 Red flags to watch out for
These are signs a message might be a scam:
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You receive an unsolicited SMS claiming there’s suspicious activity on your CoinSpot account, especially asking you to call a number.
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The SMS includes a code or link and urges you to act immediately.
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The sender number is unfamiliar or from an overseas/odd area code.
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You did not initiate any action (login, withdrawal, device change) but still get a “security alert”.
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The message asks you to share your login credentials, 2FA code, or to send crypto/funds to another wallet.
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The website it links to looks slightly off, or you’re asked to download remote‑access software.
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The message claims to be CoinSpot but CoinSpot says they “will never ask you to call a mobile number from an SMS.”
🛡 What you should do
If you receive such a text:
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Don’t respond. Don’t call the number, don’t click the link, don’t share codes.
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Log in to your CoinSpot account via their official site/app without using the link to check for any alerts or unauthorised activity.
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Enable strong security settings:
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Use an app‑based 2FA (not SMS if possible).
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Use the Anti‑Phishing Phrase feature that CoinSpot offers.
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Report the scam:
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To CoinSpot Support.
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To Australian authorities (e.g., Scamwatch, CyberSecurity centre).
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Block the number and if needed, alert your mobile carrier.
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Review all your accounts for any unusual transactions, and consider changing passwords/2FA.
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