![]() ![]() It doesn’t have to be about being smart or dumb. I was one of those people who thought it would never happen to me because I was too “smart” to fall for the tricks scammers use. They have many different ways of exploiting loopholes to get to your money.Īnd don’t think it can’t happen to you because it can. As I stated, these hackers are sophisticated and they’re also savvy. You are not stupid for falling victim to somebody else’s evil schemes. Cash App was basically ghosting him.Īre You Stupid for Getting Hacked Because You Fell for a Phishing Scam? He said that the theft draining his bank account made him literally sick to his stomach. And, when he did find out and tried contacting Cash App customer service to report the fraud, he had to do so through email and was given the run-around repeatedly. These smart hackers even blocked Cash App’s transaction confirmations, so the student did not see that the withdrawals were happening. Hackers did it through a series of withdrawals ($1,000, $500, $250, and $100) that they used to buy Tesla stock, which they sold for bitcoin, and then transferred the bitcoin to an unknown bitcoin wallet that cannot be traced. He clicked the link and put in his sign-in information, and over a 10-minute span, all the money in his bank account was stolen, which was $1,850. The text said that he needed to double-check his security settings due to a fraud attempt and gave him an “instant sign-in” link, which showed the official Cash App dot com domain name. ![]() The student (who had security features activated like 2-step authentication, face-ID, and a required pin) was fooled by a text that looked like it came from Cash App. And, often these ways of “verifying” your account look official, even appearing to be coming from Cash App - but they’re not.Ĭalifornia college student scammed for $1,850 cash and stocks when wiped from his bank account linked to Cash App Here’s how the hackers did it: These phishing techniques are scams that trick you into giving away or typing in your information so that hackers can get you that way. Also, watch out for texts you might receive asking you to “verify” your information because of a possible fraud attempt on your Cash App account. So, be careful with using anything online that requires you to sign in to contact Cash App Support. Cash App does have a phone number on its website but it just tells callers to submit customer service requests through the app, which are handled by a call transfer loop of bots rather than getting to speak to anyone.Ĭash App actually has a class-action lawsuit against them accusing them of violating the rights of consumers to dispute fraudulent transactions, as stipulated in the Electronic Fund Transfers Act. You get your account hacked and they take all of your money, and the only customer service option is through the app or email in hopes of getting refunded, but good luck with that.īe cautious of thinking you’ve found a phone number for Cash App Support online. And, it appears that Cash App offers little help in many of these situations. So that’s a large pool of potential hacking opportunities, and these hackers are getting more sophisticated as time goes on. It runs through Cash App (which has over 36 million users a month). One payment platform, in particular, that’s seen hacking problems is Squareup (SQ). It’s not Cash App’s fault if people are not diligent in noticing possible scams.īut Cash App’s customer service has not been particularly helpful in these situations where people have gotten their cash, stocks, or bitcoin stolen by hackers through payment platforms linked to Cash App. Keep in mind that this is not to say that Cash App is bad. ![]()
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