Scam advertisement on Gate.io Twitter account

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Phishing attacks in the cryptocurrency space are increasing day by day. Fraudsters in their last act, start advertising Scam on Gate.io’s Twitter account have hit

Gate.io Twitter account is at risk. According to reports, fraudsters have attempted to use this account Phishing scam have done These people with Gate.io twitter account hack Users were promised a reward of 500,000 dollars.

Read more: The future of digital currencies in 2022

Gate.io twitter account hack

Fraudsters are increasingly using social media platforms to commit fraud. According to available information, the hackers changed the official URL of the exchange from Gate.io to gate.com.

Gate.com URL It directs users to a special landing page. Scammers on this landing page offered users a $500,000 USDT gift. All users who connected their wallets to the infected website lost their assets. The hackers had full control of the site and emptied the wallets of the victims.

Scam advertisement on Gate.io Twitter account

Blockchain security firm Peckshield has warned the cryptocurrency community about an increase in phishing attacks. Gate.io is one of the largest crypto exchanges in the cryptocurrency industry. According to the data of the analysis site CoinMarketCap, the trading volume of the Gate.io exchange in the last 24 hours was equal to 600 million dollars.

Account now Twitter Gate.io Back under the control of the original owners, the infected website address has been corrected and the advertising posts have been removed. It is still unclear how many users have fallen victim to the phishing attack.

Meanwhile, it is not clear whether anyone is a victim Phishing scam attempt has it been or not The prevalence of phishing scams led blockchain security experts to react. Experts warn investors to always verify URLs before clicking on them.

Crypto Scams and Social Media

Phishing scams in the field of cryptocurrencies It is very common. Hackers tend to use social media for fraud. Several social media accounts have been targeted by phishing scams in the past. So far, social media accounts belonging to entities such as Yuga Labs, Bored Apes, and several cryptocurrency exchanges have been hacked by phishing scammers.

The hacking of Gate.io’s Twitter account caused many influential figures in the field of cryptocurrencies, such as Vitalik Buterin, the founder of Ethereum, Charles Hoskinson, the founder of Cardano, and Brad Garlinghouse, the CEO of Ripple, to criticize Twitter’s policies. to question

Changpeng Zhao, CEO of Binance, recently revealed that scammers have become interested in the accounts he follows on Twitter. These people choose accounts followed by famous people as the subject of hacking. US lawmakers, how to deal with Fraud of meta-owned platforms questioned. According to the legislators, social networks are the most common method of fraud in the cryptocurrency space today.

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What do you think about the scam ad on the Gate.io Twitter account? Please leave your comments in the comments section duplicate share it.

Source: beincrypto

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