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.
