Hackers hacked the official Twitter account of Bitcoin and altcoin exchange Gate.io. It put more than 1 million users at risk of losing money by posting a fake “Tether lottery”. Here’s what happened…
Users on the Bitcoin exchange face hacking risk
Hackers took over Gate.io’s Twitter account and changed the website URL from Gate.io to gąte.com (xn--gte-ipa.com). So, he launched a fake website imitating the stock market. The fake website is actively promoting participation in a fake 500,000 USDT lottery while asking users to link their wallets to claim the prizes. So when a user links their wallet to the fake website, hackers will be able to access their available funds and steal assets. Blockchain research platform Peckshield has detected the phishing website. It warned users about the risk of losing private keys and also confirmed the ongoing attack.
#PeckShieldAlert #Phishing Seems like crypto-exchange Gate[.]io's verified Twitter account @gate_io was compromised & has been used to share links to fraudulent $USDT GIVEAWAY.
gąte[.]com is the phishing site.
Thanks @aayushrai11 and @grpolice for the intel pic.twitter.com/cpZ6CgAADm— PeckShieldAlert (@PeckShieldAlert) October 22, 2022
Gate.io is a popular crypto trading platform that was first launched in 2013. The exchange is used by global crypto investors. Currently, the exchange has more than 6 million registered users. The exchange ranks 7th right after BinanceUS in terms of 24-hour global trading volume. Currently, there are no hack-related tweets or retweets on the exchange’s recovered Twitter account. You don’t want to be a victim of a fake website or enter your information on any unsafe website. So be sure to look carefully to verify that the web address is legitimate and starts with https (not http) before attempting to log in.
Frauds are on the rise
Unfortunately, the crypto industry is full of scammers and thieves because the industry is largely unregulated. Also, many people are interested in investing in cryptocurrencies. As we reported on cryptokoin.com, the United States Federal Bureau of Investigation (FBI) recently warned that crypto ATMs are gaining popularity among scammers to collect money from victims. According to the FBI, wire transfers, prepaid cards and crypto ATMs are used by scammers to avoid being tracked by law enforcement.
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