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Home Global Current Affairs

Hackers steal over $15 million using a fake exchange site

Nirjhar Das by Nirjhar Das
May 17, 2023
in Global Current Affairs
Reading Time: 1 min read
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According to SlowMist specialists, a group of attackers stole over $15 million in Bitcoin, Ethereum, USDT, and other cryptocurrencies via a bogus HitBTC trading website.

According to the company’s analysts, the phishing site employs three tactics to steal cryptocurrency from customers.

On one hand, if the wallet connection is approved, the fraudsters have access to USDT assets indefinitely.

On the other hand, the site, like a true exchange, offers to deposit to the scammers’ addresses.

Furthermore, like in many similar cases, the digital signature form appears automatically, and by clicking the “Confirm” button, the victim loses all Ethereum holdings.

Tags: cryptojackingCyber ScamCyber SecurityCyber Threatcybercrimehacker
Nirjhar Das

Nirjhar Das

Experienced Manager with a demonstrated history of working in the Web Content Development industry. Skilled in Search Engine Optimization (SEO), Off-Page SEO, Communication, Marketing, Research, Global Risk Intelligence, Trust/Safety and Project Management. Vital operations professional with a Master of Business Administration - MBA focused on Marketing/International Business.

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