Breaking: Gate.io Official Twitter Handle Hacked

Gate.io Official Twitter Handle Hacked

Hackers of unknown origin took over the official Twitter account of crypto exchange Gate.io and changed the website URL from Gate.io to gąte.com (https://xn--gte-ipa.com/).

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The act puts over 1 million users at risk of losing funds to an ongoing fraudulent Tether (USDT tickers down $1.00) giveaway.

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The fake website is actively promoting a fake giveaway of 500,000 USDT while asking users to connect their wallets (such as MetaMask) to claim the rewards.

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Once a user connects their wallet to the fake website, the hackers will gain access to their existing funds and end up draining the assets.

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Blockchain investigator Peckshield has confirmed the ongoing attack as it detected the phishing website and alerted users about the risk of losing private keys.

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However, Gate.io security team and Twitter, Gate.io quickly re-gained access to the Twitter account and deleted the false information and phishing links.

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As per the FBI, wire transfers, prepaid cards and crypto ATMs are being used by scammers to avoid being tracked by law enforcement

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