Silicon Valley Bank Customers Beware: Crypto Scams Lurking!

• Silicon Valley Bank was recently shut down due to a lack of capital, leading to the emergence of phony websites that contain malware.
• Cybersecurity firm CRIL has issued warnings about the dangers these scam sites present, as they can mine digital assets from unsuspecting victims’ computers.
• Phishing scams are also being used by attackers in an attempt to steal cryptocurrency from their victims.

Silicon Valley Bank Shuts Down

The California Department of Financial Protection and Innovation recently shut down Silicon Valley Bank for failing to raise enough capital. This closure has led to the emergence of phony websites containing malware that could be used to mine digital assets from unwitting victims’ computers.

Cybersecurity Firm Warns of Dangers

Cyble Research and Intelligence Labs (CRIL) have noticed these malicious sites and alerted web browsers about the potential danger they present. They have also warned against any free USDC offerings as part of phishing scams that could lead to theft of cryptocurrency.

SANS Dean Explains Urgency

Johannes B Ullrich, dean of research at, underscored the urgency associated with this situation as many companies and individuals employed by them have questions regarding payment methods. He noted it is not clear how to contact SVB or what website or emails should be expected (or where they will come from).

Victims Should Remain Vigilant

Former customers of Silicon Valley Bank need to remain vigilant in protecting their bank account information and computer data from falling into cyber-thieves hands who want access for crypto mining or other malicious activities. It is important to avoid clicking on suspicious links or engaging in any activity that could result in your system becoming infected with malware.


In conclusion, former customers of Silicon Valley Bank should be aware that there are malicious actors looking to take advantage of their financial situation by targeting their systems with malware or stealing whatever digital assets they have put away. The best way to protect yourself is by avoiding clicking on suspicious links, remaining informed about cyber threats, and keeping your computer secure at all times