The X Account of CertiK Compromised in Phishing Attack
The X account (formerly Twitter) of blockchain security company CertiK has been compromised with bad actors posting a phishing link to a wallet drainer. On Jan 5, it was revealed that CertiK’s X account was a victim of a phishing attack with several calls from the wider community to avoid engaging the links posted during the incident.
Hackers Post Fake Revoke Cash Links
Blockchain security firm, Wallet Guard flagged the incident noting that the hackers are posting fake masked Revoke Cash links to a wallet drainer with other users adding that engaging with the links could lead to asset losses. The hackers accessed the X account and posted a Uniswaps router contract with warnings of a re-entrancy exploit asking users to utilize Revoke Cash to “revoke” previous approvals.
Increase in Reported Phishing Cases
However, in recent times, there have been massive phishing links scams, even involving Ethereum’s co-founder’s account in October 2023. Last year, Vitalik Buterin’s X account was compromised with bad actors using the account to share fake non-fungible token links which led to over $691,000 being stolen. This is not the first time CertiK has been the victim of a social platform compromise as hackers continue to target popular accounts to post phishing links. In December, CertiK’s website posted a Discord link with phishing links belonging to a fake server. On Jan 4, it was reported that the CEO of Polychain’s X account was hacked in a phishing scam with the team warning users not to engage.
Crypto Community Concerned About Phishing Incidents
CertiK recently released a new report on cryptocurrency hacks highlighting a drop in 2023 but revealed that over $1.8 billion was lost from 751 security breaches. According to the release, Q3 2023 witnessed the most losses resulting in over $686 million stolen from 183 incidents followed by November. While the number of scams plunged, the crypto community is still worried about the number of phishing incidents recorded in the past months calling on both users and platforms to be more vigilant.
Hot Take: Protecting Your Crypto Assets
Phishing attacks continue to pose a significant threat to the crypto community, as demonstrated by the recent compromise of CertiK’s X account. It is crucial for you as a crypto user to stay vigilant and avoid engaging with suspicious links or sharing sensitive information. Always verify the authenticity of messages and accounts before taking any action. Additionally, platforms and security firms must prioritize robust security measures to protect users’ assets and prevent unauthorized access. By staying informed and practicing good security habits, you can help safeguard your crypto assets from potential threats.
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