Key takeaways:
- Tweeting out a warning against MetaMask phishing attacks, Scam Sniffer recently sent advice on the social networking site Twitter.
- Users are advised to report any occurrences of these accounts so that prompt action can be taken.
Tweeting out a warning against MetaMask phishing attacks, Scam Sniffer recently sent advice on the social networking site Twitter. Scam Sniffer warns of scammers using misleading advertisements to trick victims.
There is a trail of suspended accounts left by the offenders, who change to new ad accounts after every ban. Among them, @0xSez and @0x_druggy are well-known for being phishing accounts. Users are advised to report any occurrences of these accounts so that prompt action can be taken.
For a long time, scammers have targeted MetaMask, an Ethereum-based cryptocurrency wallet. Phishing schemes targeting users of MetaMask entail luring them to phony websites, breaching their wallets, and maybe obtaining funds and private keys.
Becoming a victim of these scams has repercussions that go beyond just losing money right away. Users’ risks could be increased if their digital wallets and personal information are compromised because this could result in more significant data breaches on other accounts.
This alert follows a more general pattern that Scam Sniffer identified, showing a monthly increase in crypto phishing schemes through 2023. The study shows con artists are using more advanced strategies to take advantage of unsuspecting people.
Wallet drainers have managed to steal around $295 million from 324,000 victims in the last year alone, according to Scam Sniffer, which highlights the critical need for more user awareness and vigilance in the constantly changing world of online frauds.
Hackers stole $82 million from the cross-chain protocol Orbit Chain via the bridging service Orbit Bridge three hours before 2024 officially began. Orbit Chain has admitted that there was an unauthorized entry into their ecosystem on December 31. In a statement, Orbit Chain stated that it attempts to conduct a comprehensive investigation into the hack’s source. It also indicated that it is “actively engaging” with law enforcement agencies abroad.
