Scammers have stolen over $580,000 from unsuspecting victims in an ongoing phishing attack that is using email addresses mimicking major Web3 companies, including Cointelegraph, WalletConnect and Token Terminal.

Screenshot of a phishing email from the ongoing campaign. Source: ZachXBT

Cryptocurrency investigator ZachXBT flagged a multichain address on his Telegram channel that has amassed more than $580,000 of stolen cryptocurrency since the phishing emails were delivered.

WalletConnect also warned users on X that it was aware of the phishing email, which was prompting users to claim the malicious airdrop link.

Investors are advised to maintain caution when interacting with all emails claiming unexpected airdrop announcements.