Wallet drainers have now started targeting Ethereum (ETH), Solana (SOL), and Tron (TRX) communities to execute phishing scams. Earlier, they focused on conducting crypto scams via EVM chains. However, the trend has changed after they expanded their reach into well-established crypto groups.

Also Read: Crypto Scam: Trading Platform Coinspaid Might be the Latest Victim

Overview of Wallet Drainers’ Airdrop Scam

According to a post by Scam Sniffer on X, phishing scams have been initiated by attracting crypto enthusiasts via fake airdrops. They have designed a webpage wherein one can claim Ethereum, Solana, and Tron airdrop rewards.

The scammers term the airdrop scam as an “exclusive opportunity” for the community. Moreover, they encourage people to connect their primary wallet to be able to access these airdrops. In addition, Scam Sniffer noted that these fraudsters can drain various types of crypto wallets via this webpage.

This update is an alarming one considering the popularity of Ethereum, the second-largest crypto, Solana, and Tron. It could instill crypto investors into believing such wallet drainers in anticipation of high-end crypto rewards. Thereby, millions and billions of digital asset investments could be wiped off owing to such wallet drainer scams.

However, it is possible to identify such scams via a few checks. The snapshot shared by Scam Sniffer shows that the concerned airdrop scam webpage has grammatical errors, which could be a way to be safe from such fraudsters. But, they can upgrade their strategies from time to time.

Hence, it’s always better to check the source of such links. If a trusted entity isn’t posting such airdrop updates, then avoid such offerings completely. Moreover, it’s time to be even more cautious since hackers have been hacking reputed companies’ X (formerly Twitter) accounts to promote crypto scams.

Certik and Mandiant Official X Accounts Get Hacked

Earlier this month, Certik, a blockchain audit firm, witnessed its X account being hacked. Thereafter, malicious links were posted that promised people to return the digital assets they lost to various crypto scams. The dubious link was available on their website for quite sometime before the Certik team managed to regain access.

The X account of Mandiant, a cybersecurity company, was successfully reclaimed by its rightful owner on January 4, 2024, after falling victim to hacking. The incident unfolded over several hours on X, with users presenting evidence of the account takeover. The attackers, posing as the Phantom, a non-custodial crypto wallet, used the compromised Mandiant X account to promote a cryptocurrency scam.

Also Read: Just In: Founder of ACE Crypto Exchange Arrested for Fraud

The post Crypto Hackers Lure Ethereum, Solana & Tron Communities Into Airdrop Scam appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am