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 citing an invalid “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 bogus website is actively promoting participation in a bogus lottery of 500,000 USDT, asking users to link their wallets to receive prizes. Thus, when a user links their wallet to the invalid 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.
Gate.io is a recognized 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 quickly after BinanceUS in terms of global 24-hour trading volume. Currently, there are no random 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 a random website that is not credible. 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 as it is largely unregulated. Also, many people are interested in investing in cryptocurrencies. Koindeks.com As we reported, the United States Federal Office of Investigation (FBI) recently warned that crypto ATMs are gaining popularity amid 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.