Cryptocurrency Websites Report Phishing Attacks Amid Market Meltdown

When the crypto market crashed, several major crypto data sites were affected by cyberattacks, prompting users to connect their cryptocurrencies via a fraudulent popup.

A fraudulent popup appeared on several well-known websites, including CoinGecko, Etherscan, DeFi Pulse and others, which encouraged users to connect their MetaMask wallets to use the website.

This wallet is a cryptographic software wallet that can be accessed via phone or web browser.

As reported with a monkey skull logo and a now disabled domain, the phishing attack seemed to promise a link to the Bored Ape Yacht Club initiative. To fix the problem, CoinGecko founder Bobby Ong informed CoinDesk that they are investigating the root cause of the attack.

Ong believes the incident was caused by a malicious ad script from Coinzilla, a cryptocurrency advertising network.

Meanwhile, Etherscan said in a tweet: “We have received reports of phishing popups via a third-party integration and are investigating. Be careful not to confirm any transactions that appear on the website.”

This type of cyberattack usually involves sending fake communications that appear to come from a trusted source. Email is the most widely used method of communication. The purpose of carrying out such attacks is to steal sensitive information such as credit card and login information or to infect the victim’s computer with malicious software.

Last year, Check Point Research discovered a phishing attack that used Google ads to steal someone’s credentials or trick them into logging into the attacker’s wallet so that all transactions they attempted were received.

It should be noted, however, that the recent attack on cryptocurrency data sites occurred when stable currencies such as Terra Luna and Coinbase had major disruptions.

Previously, the best crypto exchange Coinbase experienced a massive break in the middle of cryptocurrency chaos, especially with the currency Terra Luna, which aroused investors’ concern.

The Coinbase outage occurred when Binance, the world’s largest cryptocurrency exchange, stopped trading in Terraform Labs Terra (Luna) and TerraUSD (UST) tokens, which had fallen by 98%, wiping out investors’ life savings.

Over $ 275 billion erased the global market value of crypto in less than 24 hours on May 12, and Bitcoin fell to about $ 27,000, the lowest level since December 2020.

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