Not sure if this is the right section to post this... I was cleaning out my inbox and found an email that seamed a little off but looked official from Paypal. I forwarded it to Spoof@paypal and they emailed me back saying it was a phishing scam. I use paypal quite often and i figured many others here would to, So i should spread the warning before someone falls for it.
"Subject: Paypal User: Mandatory account update
Date: Fri, 5 Oct 2012 06:00:38 +0200
Dear Account Holder,
We are currently engaged in account maintenance service.
As a subscriber, you are required to confirm your continued membership.
Failure to confirm your continued membership will lead to service
suspension.
Download attached file Login and confirm in one simple step.
PLEASE NOTE: This is a compulsory measure.
Thank you
Admin
Paypal Admin Update®
Copyright © 2012 "

Email back from Spoof:
Hello Jonathan,
Thanks for forwarding that suspicious-looking email. You're right - it
was a phishing attempt, and we're working on stopping the fraud. By
reporting the problem, you've made a difference!
Identity thieves try to trick you into revealing your password or other
personal information through phishing emails and fake websites. To learn
more about online safety, click "Security Center" on any PayPal webpage.
Every email counts. When you forward suspicious-looking emails to
spoof@paypal.com, you help keep yourself and others safe from identity
theft.
Your account security is very important to us, so we appreciate your
extra effort.
Thanks,
PayPal