According to Coins.ph (@coinsph), there is a renewed wave of scam texts targeting cryptocurrency traders and investors, specifically those using the CoinsPH platform. The official warning urges users to verify all sources before clicking links and to never share sensitive information such as OTPs, passwords, or usernames, even if the request appears to come from CoinsPH representatives. This heightened scam activity increases the risk of account breaches and digital asset theft, which can directly impact trading volumes, user trust, and crypto market liquidity. Traders are advised to implement enhanced security measures and remain vigilant to protect their holdings and prevent potential market disruptions. Source: Coins.ph official Twitter, May 12, 2025.

According to ZachXBT, Fugazi Gambler changed his username to gshaiahh within minutes of ZachXBT's post, then promptly deactivated his X account (source: ZachXBT on X, May 9, 2025). This action highlights heightened scrutiny on suspicious actors in the crypto community, signaling increased risk awareness among traders. The rapid deactivation may indicate a reaction to exposure of potential scam activities, which can impact trader confidence and market sentiment, especially around meme coins and low-liquidity tokens commonly targeted by similar accounts.