Multi-chain Attack Triggers Twitter Phishing Scheme

Introduction

A multi-chain attack has recently triggered a Twitter phishing scheme that involves FTM distribution. According to reports, the attackers targeted the Fantom project’s Telegram channel, which has over 20,000 members, and sent a message about a FTM distribution. The message instructed users to click on a link and provide their seed phrases to receive the FTM tokens.

The Phishing Scheme

The link provided in the message led to a fake wallet that looked similar to the official wallet of the Fantom project. When users entered their seed phrases, the attackers stole their private keys, which gave them access to the users’ wallets. The attackers then used the users’ wallets to transfer funds to their own wallets.

The Multi-chain Attack

The multi-chain attack involved the use of multiple blockchains to transfer the stolen funds. The attackers used the Binance Smart Chain, Ethereum, and Fantom blockchains to move the stolen funds, making it difficult to trace the transactions.

Related:Bitcoin: KuCoin CEO ? Privacy is Not the Core Feature of Bitcoin

Protecting Yourself from Phishing Schemes

Phishing schemes are becoming more common in the cryptocurrency space, and it’s important to take steps to protect yourself. Here are some tips to help you avoid falling victim to a phishing scheme:

  • Be cautious of messages that ask for your seed phrases or private keys
  • Always verify the URL of the website or wallet you’re using
  • Use a hardware wallet to store your cryptocurrencies
  • Enable two-factor authentication on all of your accounts

Conclusion

The recent multi-chain attack that triggered a Twitter phishing scheme involving FTM distribution highlights the importance of being vigilant when it comes to cryptocurrency security. By taking the necessary precautions, you can protect yourself from falling victim to a phishing scheme and losing your hard-earned funds.

Official Accounts

Official Telegram Channel: https://t.me/CryptoInsidersOnline
Official Instagram Account: https://www.instagram.com/cryptoinsiders_news
Official Twitter Account: https://twitter.com/CryptoinsiderHK
?
spot_img
spot_imgspot_img

Related Articles

Understanding ERC-223 Tokens: A Safer Approach to Gas Fees and Enhanced Security

Dive into the world of ERC-223 tokens, offering enhanced security and efficient gas fee management in blockchain transactions. Learn how they safeguard against loss in unsupported...

What is ERC-6551: the Future of NFTs

Discover ERC-6551, a transformative standard in the NFT landscape, enhancing asset ownership, social identity, and enabling autonomous actions...

The Power of Trustless Smart Contracts and Optimism Layer Two: Insights from Perpetual Protocol Co-founder

Explore the transformative power of trustless smart contracts, DeFi innovations, and the Arbitrage Vault. Learn about Optimism Layer Two and Perpetual Protocol's...
You have not selected any currencies to display