Australia’s CBA Warns of False Crypto Platform Partnership Report

The Commonwealth Bank of Australia (CBA) released a statement on Tuesday (April 19) denouncing claims that the bank was partnering with a cryptocurrency trading platform that came from a false news article.

The fake article, which claimed to be a report from the Australian Broadcasting Corporation (ABC) news website, had been circulating on social media platforms like Facebook.

As the CBA stated in its release, the bank “reported the scam to the relevant authorities and asked social media publishers to take down the false article.” The CBA also alleged that the article was a calculated scam to lure unsuspecting people to the scammer’s website and provide their personal details and money.

Texting and email scams globally are on the rise, as another recent case of fake bank fraud text scams happened in the United States just last Friday, as reported by PYMNTS at that time.

See also: Internet Crime Center Issues Warning About New Texting Scam

In the same statement, the CBA warned its Australian patrons not to respond to or click the link to the scam article’s website if they receive it, whether on social media or another way, such as a text message or email.

In related crypto scam news, a wallet tied to March’s $600 million crypto hack, allegedly from North Korea, has continued to launder stolen ethereum (ETH).

Related: Today in Crypto: Wallet Linked to North Korea Continues Laundering Ronin Theft; Crypto Companies Optimistic About Regulation; Taxpayers Surprised by Crypto Reporting Requirements

The blacklisted address is supposedly tied to North Korea’s “Lazarus” hacker group. It sent 2,915 ETH, or $8.8 million, to the cleaners early on Sunday (April 17), defying U.S. sanctions.