Phishing attacks in the cryptocurrency market have increased recently. In a recent development, phishing attackers took over Loopring’s official X account. After this, the attackers tried to prey on users with a fake LRC airdrop. Blockchain security firm PeckShield warned the community about the phishing attack. PeckShield said they should be wary of suspicious airdrops. Amid these developments, there was fluctuation in the altcoin price.
Attention: Scammers hacked Loopring’s X account!
cryptokoin.comAs you can see from , fraud is not a rare occurrence in the crypto world. We frequently witness altcoin hacks, attacks, and various scams. In the latest development, scammers were targeting Loopring users. Loopring is an open protocol designed for the creation of decentralized crypto exchanges. According to the warning made by Blockchain security company PeckShield, Loopring’s Twitter account was hacked. Phishing attackers try to prey on users with an airdrop bait. In this context, PeckShield shared the following and warned:
PeckShieldAlert Loopringorg X (Twitter) has been compromised. Please do not click on the phishing link.
Altcoin price slides down from intraday high
Blockchain security company PeckShield notified community members that Loopring’s X account had been compromised. Malicious actors are trying to redirect the Loopring community to a phishing website using airdrops as bait. By the way, it should be noted that phishing attacks are a common occurrence in the crypto world. It is beneficial for users to cross-verify when there are suspicious airdrop or giveaway announcements. Amid these developments, the altcoin price slid down from its intraday peak. After rising to $0.225 during the day, LRC slid to $0.224 with the news. However, the token continues to trade with a 3.38% increase on a daily basis.
Mastercard made a move to fight financial crimes!
Mastercard has teamed up with Feedzai, a regulatory technology platform known for its prowess in combating online financial scams through artificial intelligence. Thus, it intensifies its fight against cryptocurrency fraud such as Bitcoin and altcoins. This exclusive collaboration will integrate Feedzai’s technology directly into Mastercard’s CipherTrace Armada platform. Thus, Mastercard aims to improve fraud detection. Unlike traditional API access, Feedzai’s seamless integration will allow real-time alerts on suspicious crypto transactions. This will provide an extra layer of protection to unsuspecting consumers.
According to Feedzai CEO Nuno Sebastio, the partnership not only increases crypto fraud detection but also targets potential money laundering activities and exploitation of mule accounts (accounts used by fraudsters to launder illicit funds).
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!