Blockchain Capital’s X, a leading blockchain investment firm, has fallen victim to a massive hack. The hackers responsible for the breach published numerous posts, enticing users with promises of a lucrative token giveaway.
The users were quick enough to pick up their intentions as they directed unsuspecting victims to a counterfeit website, urging them to connect their cryptocurrency wallets.
This unfathomable breach in blockchain security has prompted concerns over the vulnerability of even the most esteemed platforms within the industry.
The venture capital company with a focus on cryptocurrencies, recognized for its investments in cutting-edge blockchain startups, was the victim of dishonest individuals who made repeated tweets promising giveaways of “BCAP” tokens.
These tweets linked viewers to a fake website that had been painstakingly created to look like the UI of the original company.
Since the fake tweets were removed, Blockchain Capital has taken back control of its account. However, Google’s cached data still contains traces of fraud.
FBI Issues Alert About Rising Crypto and NFT Scams:
The Federal Bureau of Investigation (FBI) issued an urgent warning about a rising scam where criminals disguising themselves as non-fungible token (NFT) developers hack social media accounts to promote false new NFT releases. Days later, Blockchain Capital’s Twitter account was hacked.
The warning noted that such scam posts on social media often aim to create a sense of urgency using phrases like “limited supply.”
“Links provided in these announcements are phishing links directing victims to a spoofed website that appears to be a legitimate extension of a particular NFT project. The spoofed websites invite victims to connect their cryptocurrency wallets and purchase the NFT.”
According to the FBI.
KuCoin’s X account was hacked earlier this year:
A similar incident happened in April when the Twitter account of the cryptocurrency exchange and trading platform KuCoin was compromised, enabling attackers to advertise a false giveaway fraud.
More than $22.6K in cryptocurrencies were stolen as a result of the incident.
Customers who fell for the phony Twitter promotion fraud were promised full reimbursement by KuCoin, and the platform’s users’ assets are guaranteed to be completely protected at all times.