Tag Archives: Phishing

X (formerly known as Twitter) has been a popular hook for scammers for over a decade now. However, the tactics employed in these schemes continuously evolve. What’s concerning is that many victims are still falling for scams because of misleading comments made by fake X accounts, leading them to phishing websites. X Fakes Fuel Phishing Frenzy According to Scam Sniffer’s February Phishing Report, a significant portion of the victims fell prey to such scams via X. Deceptive...

The Angel Drainer phishing group reportedly pilfered over $400,000 from 128 crypto wallets using a new tactic. A recent analysis suggests that the notorious entity exploited Etherscan’s verification tool to mask the malicious nature of a smart contract. Blockaid, a popular blockchain security company, disclosed on X (formerly Twitter) that the attack kicked off at 6:40 am on February 12, 2024. Angel Drainer Targets Safe Vault Contract Angel Drainer deployed a malicious Safe...

According to Scam Sniffer, scammers stole $55 million worth of cryptocurrency in January alone and set up more than 11,000 phishing websites. Notably, most of these thefts occurred on the Ethereum mainnet, with Arbitrum, BNB, Optimism, and Polygon closely behind. Crypto Phishing Attacks Surged in January In a recent Feb. 9 thread on X, Scam Sniffer highlighted a concerning trend observed in January, noting a surge in phishing attacks coinciding with heightened activity within...

Phishing attacks have wreaked havoc in the crypto industry. In a recent move to combat cyber fraud, the National Fraud Intelligence Bureau (NFIB) in the United Kingdom announced the blocking of 43 web domains associated with fraudulent activities. Spearheaded by the City of London Police, this crackdown follows the discovery of a spoof email address masquerading as the legitimate crypto site blockchain.com. 43 Suspicious Web Domains Blocked According to Pete O’Doherty, the...

The SlowMist Security team revealed receiving numerous reports of theft. Upon investigation, they found that a significant portion of these thefts were facilitated by deceptive comments under tweets from well-known projects. As such, approximately 80% of comments under tweets from such projects were identified as phishing scam accounts. SlowMist Exposes Phishing Tactics SlowMist also observed multiple Telegram groups engaged in the sale of Twitter accounts, offering some with...

As phishing scammers continue to evolve and employ more sophisticated tactics to evade security measures, a relatively new form of malware associated with crypto has experienced considerable “success” in the past year. Dubbed, “Wallet Drainers,” Scam Sniffer’s discoveries regarding this new malware demand the complete attention of the industry. Crypto Malware Wars: 2023 According to a recent report by Scam Sniffer, these malicious programs are deployed on phishing websites to...

Prominent blockchain security firm CertiK’s X account (previously Twitter) was hacked on January 5th. The compromised account, with a follower count of 342,900, stole crypto from users’ wallets through carefully disguised phishing links. One of the links posted falsely asserted that a vulnerability had been identified in Uniswap’s router contract. The misleading tweet urged users to visit a fake RevokeCash page, claiming it would enable them to reverse any vulnerable...

Bill Lou, the CEO and co-founder of Nest Wallet, has shared on X that he had fallen victim to a crypto phishing attack, resulting in the loss of 52 stETH, equivalent to $125,000. The security-focused crypto wallet app co-founder asked for help with the attack from ZackXBT, a crypto sleuth, and others who could help. Fake LFG Token Airdrop Scam The LFG token airdrop, which stands for “less fees and gas,” recently came to light as a reward initiative for Ethereum users who have...

A phishing scam targeting the Stargate Snapshot platform resulted in significant financial losses. A Discord Moderator of LayerZero, the underlying network of Stargate, revealed that a scammer effectively carried out a deceptive proposal vote, utilizing a phishing link to manipulate users into staking STG tokens. Scammer Misleads Token Holders in Fake Proposal Vote The scam unfolded on the Stargate platform, governed by its token holders, who participate in voting on various...

On Nov. 15, Scott Melker, aka “The Wolf of All Streets,” said that one of his followers was hacked in the latest scam targeting Ledger users. While checking his Nano S hardware wallet, the user reported seeing a 503 HTTP API error when it attempted to synchronize, “which in and of itself terrified me.” The victim reached out to Ledger support and reported having the CTO (chief technology office) contact him via direct message on X. This is when alarm bells should have rung as...