FrenTechPro Phishing Scam Steals Roughly $214,000 Across 7 Blockchains in Heist
The post FrenTechPro Phishing Scam Steals Roughly $214,000 Across 7 Blockchains in Heist appeared on BitcoinEthereumNews.com. A phishing scam, operating under the name FrenTechPro and posing as the friend.tech tool, has reportedly managed to steal approximately $214,000 in cryptocurrency across seven different blockchains. This was accomplished by exploiting a vulnerability found in cross-chain bridges, which serve as connectors between different blockchains and enable users to transfer tokens seamlessly. How the scam worked PeckShield, a security monitoring service, discovered that the hackers known as FrenTechPro specifically targeted multiple blockchain platforms, including Ethereum, BNB Chain, Base, Polygon, Arbitrum, OP Mainnet, and Avalanche, indicating their exceptional experience in maneuvering through different networks. Read Also: New Rounds of Phishing Attacks Underway for FTX Users, Binance CEO Alerts PeckShield swiftly warned users on Twitter about FrenTechPro’s phishing activities and cautioned against trusting the ‘friendtech X’ account used by the hackers to deceive victims. The fraudulent account promised a cross-chain bridge service that required users to activate it with a simple click. This warning came shortly after an alert from Yu Xian, the founder of SlowMist. Xian specifically identified FrenTechPro as a phishing scheme, pointing out that their tactic involved prompting users to click on an “ACTIVATE NOW” button. Once clicked, the system persistently attempted to gain access to assets linked to the user’s wallet. Read Also: Breaking: BAYC and MAYC Tokens Stolen in Phishing Scam Increasing Crypto Phishing Threats Hackers exploiting the trust of unsuspecting users is a recurring issue, and phishing scams, exemplified by FrenTechPro, have become a growing concern in the crypto space. These scammers pose as legitimate platforms or services and manipulate users into unintentionally granting them access or making direct fund transfers. AegisWeb3, a cybersecurity firm, has also cautioned against FrenTechPro, underscoring how the scam tricks users into signing transactions that authorize wallet transfers. The crypto community faces escalating threats from intensified phishing attacks. Recent incidents like…
The post FrenTechPro Phishing Scam Steals Roughly $214,000 Across 7 Blockchains in Heist appeared on BitcoinEthereumNews.com.
A phishing scam, operating under the name FrenTechPro and posing as the friend.tech tool, has reportedly managed to steal approximately $214,000 in cryptocurrency across seven different blockchains. This was accomplished by exploiting a vulnerability found in cross-chain bridges, which serve as connectors between different blockchains and enable users to transfer tokens seamlessly. How the scam worked PeckShield, a security monitoring service, discovered that the hackers known as FrenTechPro specifically targeted multiple blockchain platforms, including Ethereum, BNB Chain, Base, Polygon, Arbitrum, OP Mainnet, and Avalanche, indicating their exceptional experience in maneuvering through different networks. Read Also: New Rounds of Phishing Attacks Underway for FTX Users, Binance CEO Alerts PeckShield swiftly warned users on Twitter about FrenTechPro’s phishing activities and cautioned against trusting the ‘friendtech X’ account used by the hackers to deceive victims. The fraudulent account promised a cross-chain bridge service that required users to activate it with a simple click. This warning came shortly after an alert from Yu Xian, the founder of SlowMist. Xian specifically identified FrenTechPro as a phishing scheme, pointing out that their tactic involved prompting users to click on an “ACTIVATE NOW” button. Once clicked, the system persistently attempted to gain access to assets linked to the user’s wallet. Read Also: Breaking: BAYC and MAYC Tokens Stolen in Phishing Scam Increasing Crypto Phishing Threats Hackers exploiting the trust of unsuspecting users is a recurring issue, and phishing scams, exemplified by FrenTechPro, have become a growing concern in the crypto space. These scammers pose as legitimate platforms or services and manipulate users into unintentionally granting them access or making direct fund transfers. AegisWeb3, a cybersecurity firm, has also cautioned against FrenTechPro, underscoring how the scam tricks users into signing transactions that authorize wallet transfers. The crypto community faces escalating threats from intensified phishing attacks. Recent incidents like…
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