Wealthsimple Customers Are Also Targets Of The Questrade Phishing Threat Actors
After posting this story about an ongoing large scale Questrade phishing campaign, I checked my honeypot and discovered that the same threat actors behind this campaign are also going after Wealthsimple customers. That’s evidenced by this phishing email:

Now this email is extremely similar to the one that was being used in the Questrade campaign. And walking through the phishing scam, I found the website that was created was of similar quality as the one behind the Questrade campaign. I say was because it has been taken down by its host which appears to be based in China. While that suggests that the threat actors are Chinese, it is possible that the threat actors are from someplace else and are using a Chinese web host for cover. The emails are very similar as well which seems to point to the fact that these are the same threat actors are behind both campaigns.
My honeypot has received these emails as recently as 4 hours ago. So this is clearly an ongoing campaign that will likely evolve. Thus keep your head on a swivel to ensure that you don’t fall victim to one of these campaigns.
November 14, 2025 at 9:37 am
[…] been tracking a group of threat actors who started using Questrade and then Wealthsimple along with TD and finally the National Bank on two occasions to try and […]