It seems that hackers never stop attacking altcoin projects. Because just a few hours after the Multichain attack, these bad actors attacked again. This time they circulated a phishing link on Twitter.
Hackers are cheating with this altcoin distribution trap!
A group of Fantom Foundation impersonators are trying to scam more Multichain victims through a fake FTM distribution campaign. A fake emergency FTM distributed to users as a result of the multichain attack is circulating on Twitter. Despite the previous attack, it quickly draws attention. This post got a lot of retweets. Also, besides viewing, some Twitter users have bookmarked it. The allegations in the tweet in question are as follows;
Due to the multichain attack, the Fantom Foundation is issuing an emergency FTM to all users. All users who have interacted with the FTM Blockchain can make a claim.
The hackers left a suspicious phishing link for all affected users to follow. It turns out that the hackers were pretending to be the Phantom Foundation, the non-profit organization behind the Fantom (FTM) protocol.
Multichain hack caused $125 million in losses
cryptocoin.comAs you follow, on Thursday, July 6, Multichain discovered abnormally large exits from its platform. The altcoin project has decided to suspend operations until they figure out what the problem is. At the end of the day, $125 million worth of Multichain assets were siphoned off and sent to different wallets. The phantom bridge was the most abused bridge. The attackers stole $122 million worth of all assets in wBTC, USDC, USDT and other altcoins.
As a result, users have been advised to suspend all activity on the Multichain protocol and revoke all contract approvals related to Multichain until investigations are completed and a clarification is provided. Meanwhile, amid the ongoing investigation, Binance Chief Executive Officer (CEO) Changpeng Zhao took to Twitter to announce to his followers that the leading digital asset service provider was unaffected and all funds are safe. It also confirmed that Binance has “exchanged all assets and closed deposits some time ago” with Multichain.
Today, there is a Twitter page impersonating the Phantom Foundation with promotions forcefully supported by Twitter bots. There are also ads related to the current giveaway campaign, which has received over 6,000 retweets so far. These types of Twitter hacks are fast becoming commonplace in the crypto industry. Experts advise users to be careful and not click on unknown links.
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