STAY AWAY: Compound Finance’s X Social Media Page Has Been HACKED
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December 29, 2023 8:07 pm
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On Friday, Compound Finance’s X social media page was reportedly hacked.
Users are warning that the compromised social media account is now posting malicious links to fake airdrops in an attempt to scam anyone who clicks on the links posted from Compound’s social media account.
The links reportedly connect to a well-known phishing site. Make sure that you do not interact with their page, in any way, until there is hard confirmation that the issue has been resolved. Do not simply trust a post from the compromised social media account telling you the issue has been solved.
This latest incident represents the most recent hack of a popular crypto site or entity, and we have seen an uptick in scams this holiday season. Remember to stay alert, stay vigilant, and if it sounds too good to be true then it is!
Multiple security firms and individuals within the crypto community raised the alarm and issued warnings.
🚨 SECURITY ALERT🚨
The @compoundfinance Twitter account appears to have been compromised and has been posting malicious airdrop links.
Do not interact with any links posted by the compound labs account or respond to any DMs until further notice.
— OpenZeppelin (@OpenZeppelin) December 29, 2023
🚨 Alert: @compoundfinance's Twitter account has been compromised. Do not click on any links posted from their account.
A phishing link (compound-labs[.]xyz) was spotted 16 hours ago.
Stay vigilant and ensure the safety of your assets by avoiding suspicious links. pic.twitter.com/yoa1RM4P4E
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 29, 2023
Coin Telegraph provided more details on the hack:
According to Scam Sniffer’s post, the advertised site is a “Pink Drainer scam website,” implying that it is a phishing site that uses the Pink Drainer software to steal users’ crypto. The post also states that blockchain investigator ZachXBT has traced funds stolen by the site and laundered through the eXch exchange.
Hmm….Compound Finance account looks to be hacked, don't click on anything.⚠️⚠️⚠️$COMP #DeFi pic.twitter.com/nUt3JbZWI2
— DefiMoon 🦇🔊 (@DefiMoon) December 29, 2023
The @compoundfinance X account is compromised.
There is no claim, please do not get drained.
I wish teams would implement proper security for their X accounts. This should not still be happening, it's almost 2024.
— quit (👀,🦄) (@0xQuit) December 29, 2023
The Independent reports on the widespread crypto scams plaguing the X social media platform:
Many of the scam ads use the likeness of Elon Musk, who bought Twitter for $44 billion last year, to promote fake cryptocurrency giveaways.
The scam ads work by promoting a fake pre-sale of “X Token”, which fraudulently offers early investors large profits if they buy the cryptocurrency before it officially launches on exchanges.
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