PointsBet Hacked With Crypto Phishing Email, Says User Data Secure

PointsBet Hacked With Crypto Phishing Email, Says User Data Secure article feature image

PointsBet Sportsbook's email was hacked on Thursday morning and select users received phishing emails requesting cryptocurrency.

The email encouraged people to “send us any amount of cryptocurrency, and we’ll send you back double the amount.”

"Yes, you read it right — we will double your crypto instantly!" the email reads.

The email includes a link and purports to be due to the sportsbook's "record-breaking profits this season."

PointsBet sent a follow-up to affected users saying that the phishing email was sent "by a third-party provider that was not an official PointsBet communication." The sportsbook added that the third party did not breach "core player account management or internal systems."

The email address used had previously been used for official PointsBet communication. A representative for the sportsbook did not specify how this third party pulled off the scheme.

The country code of the domain registrar for the phishing email comes from St. Kitts and Nevis.

Late last year, two notable cases of sportsbook hacks occurred at DraftKings and BetMGM.

The Action Network reported in November that about $300,000 in funds were stolen from DraftKings accounts across the country via unauthorized withdrawals.

The news drastically reduced consumer confidence in the company, especially on the backs of FTX's collapse, which had happened just a few days prior. DraftKings' stock price dropped about 10% after the Action Network broke the story.

And at BetMGM, a series of unauthorized betting accounts were created in unsuspecting poker players' names. One poker professional from California had $10,000 taken out of his checking account, which was deposited into BetMGM. Then, $7,500 was withdrawn to a Venmo debit card, ESPN reported.

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