Phishing Emails Drain $600,000 as Mailer Lite Hacker Poses as Crypto Companies

Phishing Emails Drain $600,000 as Mailer Lite Hacker Poses as Crypto Companies


Digital Marketing Platform Mailer Lite Falls Victim to Phishing Attack

Digital marketing platform Mailer Lite experienced a phishing attack that resulted in a loss of over $600,000, as reported by web3 security and privacy firm Blockaid. The attacker took advantage of a vulnerability in Mailer Lite to send deceptive emails that appeared to be from legitimate web3 firms. These emails contained malicious links leading to wallet drainer sites.

The exploit was possible because Mailer Lite had been granted permission to send emails on behalf of these organizations’ domains. The attacker used “dangling DNS” records associated with Mailer Lite, which remained active even after the accounts were closed, allowing them to impersonate these accounts.

Platforms such as CoinTelegraph, WalletConnect, Token Terminal, and De.Fi were among the targets of this phishing attack.

About the Author

MK Manoylov is a reporter for The Block since 2020. With a focus on NFTs, metaverse, web3 gaming, funding, crime, hacks, and crypto ecosystem stories, MK has written nearly 1,000 articles for the publication. MK holds a graduate degree from New York University’s Science, Health and Environmental Reporting Program (SHERP) and has covered health topics for WebMD and Insider.

Hot Take: Protecting Your Digital Assets from Phishing Attacks

Phishing attacks continue to pose a significant threat to individuals and organizations in the crypto space. To protect yourself and your digital assets:

  1. Be cautious of emails or messages requesting sensitive information or containing suspicious links.
  2. Verify the sender’s identity before clicking on any links or providing personal information.
  3. Keep your software and security systems up to date to minimize vulnerabilities.
  4. Enable two-factor authentication (2FA) whenever possible to add an extra layer of security.
  5. Regularly monitor your accounts and report any suspicious activity immediately.
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By staying vigilant and following these best practices, you can reduce the risk of falling victim to phishing attacks and protect your valuable crypto assets.

Author – Contributor at Lolacoin.org | Website

Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats. Theon’s work serves as a guiding light for both experienced enthusiasts and newcomers, providing well-researched perspectives that empower informed decision-making in the ever-evolving realm of cryptocurrencies.