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Gate.io Twitter account was hacked and used to promote phishing scams.
According to available information, the hackers changed the exchange’s official URL from Gate.io to gate.com.
Phishing Scams continue to target large accounts
The gate.com URL directed users to a landing page promising a $500,000 USDT giveaway. Users who connect their wallets to the site would have their assets stolen because it gives hackers access to the wallet.
Blockchain security firm PeckShield warned the community about the scam.
Gate.io is one of the largest crypto exchanges in the industry. The centralized exchange had a trading volume of over $600 million in the last 24 hours, according to CoinMarketCap data.
Gate.io Regains Control of the Account
The exchange has regained control of the compromised account as of press time. The website URL has since been fixed and the scam promotional post removed.
Meanwhile, it was unclear whether anyone fell victim to the phishing scam attempt.
The prevalence of this kind of scam has led to several security experts warning investors to always confirm the URL before clicking.
Crypto Scams and Social Media
Phishing scams are prevalent in crypto. furthermore, hackers tend to use social media platforms for this purpose. Several social media accounts have been targeted by phishing scammers before.
Crypto accounts belonging to the entities such as Yuga Labs, Bored Apes, and several exchanges have also been hacked by phishing…
