24/7 Cryptocurrency News

Just-In: Ethereum Layer 2 Metis Discord Hacked, Warns Users Of Phishing Scams

Ethereum layer 2 network Metis suffered a breach on its Discord with the platform warning the community of potential bad actor activity through airdrop links.
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Just-In: Ethereum Layer 2 Metis Discord Hacked, Warns Users Of Phishing Scams

Highlights

  • Metis Discord account was breached by bad actors.
  • The platform warned users against airdrop links.
  • Some users lauded the firm for a swift reaction to the incident.

Blockchain security firms flagged suspicious activity on the Discord account of Ethereum layer 2 network Metis. Users were warned of potential bad actor activities like phishing scams on the account. This adds to the list of phishing and security breaches among web3 companies as users continue to advocate security.

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Metis Discord Suffers Breach 

Ethereum layer 2 network Metis suffered a breach on its Discord account. This incident was flagged by blockchain security firms and users who noticed suspicious activity. The firm notified users of the incident warning users against interacting with airdrop links to avoid losses. 

URGENT. Metis Discord has been compromised, do not click on any “Airdrop link” or any other link. Stay safe while our team resolves this. Thank you.”

This incident adds to the growing list of web3 compromises this year. Initial reactions from the community were mixed although many hailed them for their swift response. However, some users pointed out that the response was quite delayed because they noticed it a while ago. Despite this, overall sentiments were good as future losses were prevented.

The number of phishing scams has increased in recent times as crypto adoption grows globally. Bad actors hack popular web3 social media accounts and similar platforms. The scammers proceed to post fake links usually as community airdrops to attract users. Interacting with these links usually results in loss of loss of assets and wider effects.

Also Read: Kamala Harris Fires Back At Trump With $50M Election Ad Campaign 

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Crypto Scams Dampens Sentiments

Crypto scams have soared in recent times impacting market sentiments. Several aspects including phishing, bridge and platform hacks, and collapses have plunged the general market with long periods in the woods. An example was the FTX implosion and the collapse of Terra’s stablecoin which saw billions of the market wiped off. 

Digital asset scams also determine the regulatory direction of authorities. Anti-market lawmakers have argued for stronger and bottleneck regulations on crypto firms. Pro-market commentators flag tighter regulations as impeding innovations and driving investment to other jurisdictions. 

Also Read: Binance Integrates Web3 Wallet BNB Assets Into Launchpool Rewards

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David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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