Hackers have taken over Gate.io’s official Twitter account. This puts more than 1 million users in a risky position as they might lose funds. There is a scam Tether giveaway going on via that channel.
Best Communication Channel
Twitter has the reputation of being the best way of reaching users in the crypto sector. Therefore, attacks on the account of verified official Twitter outlets are rising. These hackers use those hacked Twitter accounts to promote their fraudulent schemes on unsuspecting users.
Yet-to-be-traced hackers hijacked Gate.io’s Twitter handle and made changes to the linked website address. The address was changed from Gate.io to now “gąte.com.” The fake website is impersonating the original crypto exchange website.
The impersonating website is promoting a fraudulent giveaway of up to 500,000 Tether USD. It also asked users to link their crypto wallets like MetaMask so they can claim the price. As soon as a user connect their wallet to the website, the hackers would have access to all their funds and subsequently drain out the wallet.
An investigator of blockchain activities, Peckshield, equally confirmed the attack on Gate.io. The investigator claims to have detected the fake website. It also swung into action by alerting users to the associated risks of sharing their personal keys.
Press inquiries to Gate.io had not brought any response at the time of this publication. It is not known if the firm has any plan to remedy the situation immediately.
FBI Warning
This is a time when crypto scams are getting to an all-time high. Investors have been advised to carefully check the URLs of any trading platform so they can verify their legitimacy.
The US Federal Bureau of Investigation has recently issued a warning. It said crypto ATMs have gained more popularity with scammers. They are used to illegally withdraw funds from their victims.
The FBI stated further that scammers have devised various means in order to escape law enforcement. They use crypto ATMs, prepared cards, and wired transfers.
It said a lot of victims reported that they were asked to carry out transfers to accounts abroad. Or they were asked to buy a lot of prepaid cards. Using crypto ATMs and crypto, in general, is an increasing payment method.
The FBI said individuals have lost funds ranging from ten thousand dollars to millions. While victims agreed to make payments, the scammers further request them to pay taxes on the initial amount. This causes the victims to lose more money.
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