There is a new Paypal phishing campaign, this time its through SMS (short messaging system) or simply text message. So the modus of this cyber criminals is that you will be notified that you Paypal account has been permanently limited unless you again verify your account by clicking the link:
"PayPal: We've permanently limited your account, please click link below to verify,"
Sample text messages:
So again, do not fall for this kind of smishing campaign, they will get all your information and God knows what this criminals are going to do with that. And specially that Paypal join the crypto bandwagon, I'm sure we are going to be a target from his unscrupulous individuals.
Source.