1800 434 197: Possible Crypto Scam Alert

• Scam
• Uncertain

The phone number 1800 434 197 has been reported by users as potentially linked to a crypto scam. Stay informed on how to handle calls from this number and protect yourself from fraud.

Is 1800 434 197 / 00434197 a Scam?

Amidst the rapid growth of digital finance, phone scams are on the rise, and one number that has recently caught the attention of concerned users is 1800 434 197 / 00434197. Repeated reports indicate that this number may be involved in dubious activities, particularly stemming from cryptocurrency-related fraud.

User Reports and Analysis

User feedback highlights two major themes surrounding the calls from 1800 434 197 / 00434197. One individual mentioned an urgent message about a "imminent PayPal transaction" on 18 June 2023. Although this might appear somewhat legitimate on the surface, it prompted alarms about the possibility of such messages being a tactic to elicit sensitive information from users.

The more alarming report came on 24 April 2024, where another user disclosed receiving an SMS from what appeared to be “Binance,” claiming unusual activity linked to their account and advising them to call this specific number. Binance, being a well-known cryptocurrency exchange, adds a level of credibility to the outreach; however, the context suggests otherwise.

Scam Characteristics

This particular scenario fits a common scam pattern often referred to as phishing. Scammers pose as legitimate companies, urging individuals to reach out via provided phone numbers. Once contact is established, the fraudster seeks to harvest personal details or instructs the victim to perform actions that jeopardise their security, such as transferring funds or revealing sensitive login credentials.

How to Stay Safe

• Do not engage: If you receive a call or message from this number, it is advisable not to answer or respond.
• Use Reverse Phone Lookup: Services like Reverseau can help you determine the legitimacy of the number and others that call you.
• Report the number: Arm yourself and others by reporting 1800 434 197 / 00434197 to consumer protection and fraud agencies.
• Educate yourself: Familiarise yourself with common types of scams and how to spot the warning signs to stay one step ahead.

In summary, based on user reports and analysis, 1800 434 197 / 00434197 is best classified as suspicious, primarily due to its connection with potential phishing attempts. It’s crucial for Australians to remain vigilant and proactive when it comes to safeguarding personal and financial information from threatening calls. Make sure to inform friends and family of these dangers, as they could be targets too.