A pretend web site of the favored Ethereum Denver convention is the newest phishing goal of a red-flagged sensible contract that has stolen over $300,000 value of Ether (ETH).
The favored convention noticed its web site duplicated by hackers this week to be able to trick customers into connecting their MetaMask wallets. In line with Blockfence, which recognized the fraudulent web site, the sensible contract has accessed greater than 2800 wallets and has stolen over $300,000 over the previous six months.
One other day, one other rip-off.
This time the scammer focused the @EthereumDenver web site. Blockfence is right here to guard you and battle scammers collectively: The rip-off contract was marked as “Excessive Threat” by our ML algorithm and our companions at @GoplusSecurity pic.twitter.com/Jdtoz2Bgu4— Blockfence (@blockfence_io) February 20, 2023
Ethereum Denver additionally shared a warning to its followers on Twitter warning of the malicious web site.
Howdy Fellow Bufficorns!!
Please bear in mind that there’s a FAKE ETHDenver web site that’s asking so that you can join your pockets.
“Go-ETHDenver” shouldn’t be us. Please report the positioning! pic.twitter.com/1dt4hYmfvO
— ETHDenver (@EthereumDenver) February 20, 2023
Blockfence CEO Omri Lahav instructed Cointelegraph that customers had been prompted to attach their Metamask wallets through the same old ‘join pockets’ button. The web site prompts a transaction that, if accepted, carries out the malicious operate and steals the customers’ funds.
Blockfence’s analysis staff recognized the incident whereas monitoring totally different traits within the trade. Lahav stated that the sensible contract executing the rip-off had stolen over 177 ETH since its deployment halfway by means of 2022:
“Because the sensible contract was deployed nearly 6 months in the past, it’s potential that it was used on different phishing web sites.”
Hackers had gone so far as paying for a Google advert to advertise the malicious web site’s URL, banking on search traits being excessive, with Eth Denver happening on Feb. 24 and 25. The pretend web site appeared second on a Google search, above the precise ETH Denver web site.
As beforehand reported, hacks and scams proceed to be commonplace within the cryptocurrency ecosystem. 2022 noticed over $2.8 billion of cryptocurrency stolen final yr by means of quite a lot of totally different hacks and exploits.
