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Utilizing Voting in Stargate Results in Successful $43k Phishing Attack

Utilizing Voting in Stargate Results in Successful $43k Phishing Attack

An Announcement Leads to Phishing Scam

An unidentified individual posted a message about a Stargate vote that included a phishing link. This led to over 1,000 people falling victim to the scam, as reported by PeckShield platform experts.

The Scammer’s Tactics

The moderator of the LayerZero project’s Discord channel reported the incident. They mentioned that the attacker purchased 50,000 STG to create a voting proposal on the Snapshot site. Subsequently, they made an announcement about the first phase of gSTG token distribution.

Unfortunately, this advertisement contained a phishing link that directed users to a fraudulent website. More than 1,000 individuals followed this link.

Losses and Current Wallet Balance

The scammer managed to acquire assets worth over $43,000. As of now, the wallet balance continues to grow and has already reached $63,000, according to DeBank. The wallet contains more than 17,700 ARB, 4587 OP, 2.65 ETH, and various other assets.

Warnings and Precautions

On December 1, 2023, the Starknet L2 network team confirmed a snapshot for an upcoming airdrop. They also advised the community to be cautious of fraud related to screenshot distribution and potential speculation surrounding the token’s launch.

Hot Take: Stay Vigilant Against Phishing Scams

In the world of crypto, it is crucial to remain vigilant against phishing scams. This recent incident involving a Stargate vote announcement serves as a reminder of how scammers can exploit unsuspecting individuals. Always double-check links and be wary of suspicious messages or websites. By staying informed and cautious, you can protect yourself from falling victim to such scams and ensure the security of your assets.

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This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

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Utilizing Voting in Stargate Results in Successful $43k Phishing Attack