Aptos Network hacked by airdrop scam

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Key takeaways:

  • Aptos Network experienced a Twitter account hack, resulting in the dissemination of false information and posing potential risks for its users.
  • Aptos Labs quickly responded by clarifying on Twitter that the Aptos Foundation account had been compromised and explicitly denied the validity of the APT airdrop.

In the ever-evolving landscape of cybersecurity, no network is impervious to the threat of hackers. Aptos Network, a renowned platform known for its robust security measures, recently experienced a major breach when it fell victim to an airdrop scam

It appears that the Twitter account associated with the Aptos Foundation has been compromised, as unidentified individuals have gained unauthorized access. The hackers have used this account to promote a deceptive website that claims to host an airdrop, which is actually a fraudulent scheme.

The fraudulent post specifically mentions an airdrop taking place on the Ethereum blockchain. Additionally, it seems that the personal Twitter account of Mo Shaikh, the CEO of Aptos, may have also fallen victim to the hacking incident, as it has been involved in the attempted scam.

In summary, both the Twitter account belonging to the Aptos Foundation and the personal account of CEO Mo Shaikh have been compromised, with the hackers exploiting this access to direct users to a deceitful website promoting a fake airdrop.

The hacker’s tweet encouraged people to join an airdrop on the APT network, offering free APT tokens and emphasizing that over $1 million had already been claimed. The compromised tweet from the CEO mentioned that “$APT has the potential to outperform all other cryptocurrencies.”

Aptos Labs swiftly issued a warning on Twitter, cautioning users against interacting with a deceptive website that prompts them to click a “claim” button, leading to a QR code designed to deceive individuals into connecting their wallet.

The recent breach of Aptos Network’s Twitter account adds to the growing list of attacks targeting social media accounts. This method is commonly used to steal funds from cryptocurrency holders and has raised concerns among teams in the industry. 

The incident serves as a stark reminder of the high number of security breaches plaguing the cryptocurrency sector in 2023. Throughout this year, there have been numerous hacks and phishing scams resulting in significant financial losses, totaling hundreds of millions of dollars.
One notable incident took place in March, where Euler Finance experienced a staggering loss of $197 million due to a flashloan exploit, a technique frequently employed by malicious actors. Another significant hack of the year was the Multichain exploit, which ranks as the second-largest breach in terms of financial impact.

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Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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