Tellor’s Twitter Account Falls Victim to Phishing Scam
A recent report has highlighted a phishing scam that targeted Tellor’s official Twitter account. The attackers posed as Tellor and enticed users with the promise of a substantial TRB airdrop, leading them into a dangerous trap.
The increasing number of crypto scams and security breaches in the industry has become a major concern for investors. This incident serves as a reminder of the potential threats faced by the digital asset space.
A Detailed Look Into Tellor’s Incident
On November 3, Tellor’s official Twitter account was compromised, and a deceptive tweet was posted. The tweet claimed that over $50,000 worth of TRB could still be claimed in an airdrop and included an enticing call to action along with a link for users to claim the tokens.
PeckShield Alert quickly identified the tweet as part of a phishing scam and warned users about it. Aegis Web3 also identified the site “tellor.co” as a phishing site, posing a severe threat to users.
Price Drops After The Incident
Following the news of the phishing scam, the price of Teller (TRB) experienced significant declines. However, it’s important to note that the broader cryptocurrency market’s current downturn momentum may have also contributed to these losses.
The price of TRB was down 6.08% to $105.27 at the time of writing, while its trading volume increased by 64.24% to $74.57 million. Despite this incident, TRB had seen a 107% increase in price over the past 30 days, indicating growing investor interest.
Protecting Yourself from Phishing Attacks
This incident serves as a reminder of the risks present in the cryptocurrency space. To protect yourself from phishing attacks, it’s important to double-check the authenticity of any cryptocurrency-related communication. Avoid clicking on suspicious links or sharing private keys.
Ensure that the source of information is legitimate and conduct due diligence to prevent falling victim to scams. Staying informed and educating yourself on security practices are essential steps in safeguarding your crypto assets.
Hot Take: Stay Vigilant and Exercise Caution in the Crypto Space
The recent phishing scam targeting Tellor’s Twitter account highlights the ongoing risks and challenges faced by the crypto community. As the technology behind cryptocurrencies continues to evolve, scammers are finding new ways to exploit unsuspecting users.
To protect yourself, it’s crucial to remain vigilant and exercise caution when encountering enticing offers or airdrop announcements on social media platforms. Always verify the authenticity of any communication, avoid clicking on suspicious links, and never share your private keys.
While incidents like these can be unsettling, they serve as a reminder that staying informed and adopting proper security practices are essential in safeguarding your crypto assets.
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