Crypto auditing organization, CertiK, has reportedly fallen victim to a phishing scam, with fraudulent URLs posing as legitimate social media posts being used to steal cryptocurrency from user wallets. The company’s social media account, which boasts over 340,000 followers, appears to have shared a deceptive link, urging users to use it for protection against a cyber crisis.
On its social media page, CertiK posted a fake Revoke Cash link that led users to a wallet drainer. The blockchain security firm had alerted users about a vulnerability in the Uniswap Router contract, which was supposedly allowing attackers to transfer anyone’s tokens if approved to the Uniswap contract. This post has since been removed. Revoke Cash’s official social media account refuted the claim, suggesting that CertiK’s account had been compromised. Uniswap, the largest decentralized exchange trading platform on Ethereum, remained unaffected by this incident.
CertiK is currently investigating the breach of its social media account. Users have been warned not to interact with any posts from the main account until it is confirmed secure by the company’s connected security alert account, which is also investigating the matter.
Phishing scams are typically conducted online, with fraudsters posing as reputable organizations to extract personal and financial information from victims. These scams often involve the use of fake websites, emails, or social media accounts. The current market cap of cryptocurrencies stands at $1.62 trillion, making it a lucrative target for such scams.
Interestingly, just two days prior to this incident, CertiK had been promoting its 2023 hacker security report, which provides data and insights on web3 security. There was also a recent hack on the official CertiK Discord site, which saw its legitimate Discord replaced with a fake one promoting phishing links.
According to CertiK’s research, there were 751 security incidents in 2023, resulting in the loss of approximately $1.8 billion in digital assets. This figure is 51% less than the $3.7 billion lost to hackers and other incidents in 2022. The third quarter of 2023 saw losses exceeding $686 million, making it a particularly vulnerable period. Private key compromises were identified as the most costly attack vector, with losses exceeding $880 million in 47 separate instances this year.
CertiK is a leading player among blockchain security companies, with major IT companies like Apple and Samsung recognizing its work.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | negative |
| Relevance Score | 1 |
| People | None |
| Companies | DeFillama, Revoke Cash, CertiK, TradingView.com, Uniswap |
| Currencies | Ethereum |
| Securities | None |
