How Hackers Stole $500K in a Month
On chai investigator ZachXbt revealed in his recent research a well-orchestrated phishing attack in which a threat actor compromised over 15 well-known Made about $500,000 in the last month. Brett et al. These accounts are used to control meme coin scams by harvesting phishing email credentials.
Phishing scheme revealed
In this heist, hackers imitated Team People are lured to fake pages where they are redirected to provide new account passwords, including Two-factor authentication (2FA).
After the account was stolen, the attacker engaged in same corner Scam, linking all 15 ATOs through a single shared deployer address. The funds stolen in these scams are then moved through the Solana-Ethereum blockchain, making it harder for law enforcement to trace the assets.
Security advice
ZachXBT encourages users to strengthen their accounts as soon as possible to minimize such risks. Key recommendations include:
- Avoid reusing emails: Don’t use one email address for different services.
- Implement strong 2FA: For important accounts, use this instead of SMS code 2FA and instead resort to security keys.
- Verify correspondence: Confirm the authenticity of all emails, especially those sent in the name of an official forum.
It is important that the cryptocurrency community remains vigilant and continues its efforts to stop this type of activity from scammers. Especially in line with the current security situation, solid defense is the only effective way to deal with emerging cyber threats.
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