Blockchain security firm CertiK has fallen victim to a phishing attack resulting in the compromise of their official Twitter account. The hackers have been posting phishing links to deceive users into sharing their wallet funds. The incident was flagged by Wallet Guard, another blockchain security company, which warned users about the fake masked Revoke Cash links that lead to a wallet drainer. Engaging with these links has the potential to result in significant asset losses.
The hackers gained access to CertiK’s Twitter account and posted a Uniswaps router contract with warnings of a re-entrancy exploit. They urged users to utilize Revoke Cash to “revoke” previous approvals in order to protect their tokens. This incident has garnered criticism from users on social media, who point out the irony that a blockchain security firm’s own account has been compromised.
Phishing attacks have been on the rise recently, with high-profile individuals like Ethereum’s co-founder Vitalik Buterin falling victim to similar scams. In October 2023, Buterin’s account was hacked, and fake non-fungible token links were shared, which resulted in the theft of over $691,000. CertiK has also faced previous compromise on social platforms, with hackers frequently targeting popular accounts to share phishing links.
Another incident involving Polychain’s CEO occurred on Jan 4, where their Twitter account was hacked in a phishing scam. The team promptly warned users not to engage with the posted links. Although the phishing links have since been deleted, they had already reached over 41,000 users.
CertiK recently released a report on cryptocurrency hacks in 2023, revealing a decrease in the number of incidents compared to previous years. However, a staggering $1.8 billion was still lost due to 751 security breaches. Q3 2023 witnessed the highest losses, with over $686 million stolen from 183 incidents. The crypto community remains concerned about the prevalence of phishing incidents, urging both users and platforms to maintain increased vigilance.
Scam Sniffer, another blockchain security firm, reported that in the past 12 months alone, over $295 million was stolen from 320,000 users through various scams. This highlights the ongoing need for enhanced security measures in the cryptocurrency space to protect users’ assets and combat phishing attacks.
The source of the article is from the blog elektrischnederland.nl