PeckShield: orbiter [.] finance is a phishing website where scammers have stolen approximately 38.4 ETHs
On April 18th, according to PeckShield monitoring, orbiter [.] finance is a phishing website and not the official website of Orbiter Finance. In the past 4 hours, scammers have sto
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On April 18th, according to PeckShield monitoring, orbiter [.] finance is a phishing website and not the official website of Orbiter Finance. In the past 4 hours, scammers have stolen approximately 38.4 ETH from approximately 50 victims and exchanged these ETHs for 79800 USDTs.
PeckShield: orbiter [.] finance is a phishing website where scammers have stolen approximately 38.4 ETHs
Introduction
Background on Orbiter Finance
Phishing Website Detected
The Scam and its Perpetrators
The Impact of the Phishing Scam
How to Avoid Phishing Scams
Conclusion
FAQs
Table 2: Article
# Orbiter Finance Latest Target of Phishing Scammers
Orbiter Finance, a decentralized finance platform, was recently hit by phishing scammers who stole approximately 38.4 ETH from almost 50 victims in the past four hours. PeckShield monitoring discovered that the attackers used a phishing website masquerading as the official Orbiter Finance website to carry out their crimes.
Background on Orbiter Finance
Orbiter Finance is a decentralized finance platform used to trade crypto assets. It is well-regarded in the crypto community for its advanced trading tools and a user-friendly interface that allows users to connect their wallets to trade. The platform is designed to safeguard user privacy and security, with an aim to making profitable trades easier for everyone.
Phishing Website Detected
PeckShield discovered that scammers had created a website that closely resembled the official website of Orbiter Finance with the intention of targeting users of the platform to steal their assets. According to experts, these phishing scams are a common tactic used by criminals to con unsuspecting victims.
The Scam and its Perpetrators
The phishing scammers elicited user data, including their private keys, by creating fake pages on the site where they would request login credentials. Upon obtaining the data, the scammers would transfer funds from the victim’s wallets to their own wallets, where the funds were exchanged for USDT tokens. The scammers often operate in a quick and methodical manner, taking advantage of the victim’s lack of knowledge or experience in the crypto space.
The perpetrators of phishing scams often use fake emails, social media messages, or website links, and hackers may use common hacking tactics like fishing, spoofing, pretexting, or baiting. Despite the heavy emphasis on cybersecurity in the crypto community, phishing scams remain a significant threat.
The Impact of the Phishing Scam
In the case of Orbiter Finance, the phishing scam led to a loss of approximately 38.4 ETH from almost 50 victims. Many victims are often reluctant to come forward and report these incidents for a variety of reasons which include lack of knowledge, peer pressure, or even blame. Although Orbiter stated that no user funds were lost, some users may still be exposed to risk from this incident.
How to Avoid Phishing Scams
Given the increasing threat of online cyberattacks, it is always advisable to maintain a level of caution when accessing online platforms. Here are some steps that may help users protect themselves from phishing scams:
– Verify the authenticity of the website link – Users should always double-check the URL in the address bar to ensure it matches the official website.
– Don’t click on suspicious links – Users should avoid clicking on unauthorized links or URLs, especially in messages from unknown senders.
– Use Two-Factor Authentication – Users can use two-factor authentication to add an extra layer of security to their accounts.
– Check your account for any unauthorized activities – Users should frequently monitor their accounts for any activities that may be suspicious.
Conclusion
Phishing scams pose a significant threat in the crypto space, and it is vital that users remain vigilant to protect their assets. By staying informed and taking action to protect themselves, users can minimize the risks of falling victim to the scammer’s tactics.
FAQs
1. What is phishing?
Phishing is a type of cyberattack where scammers create a fake website or email that looks like an official one to steal user data like passwords, credit card numbers, or cryptocurrency wallets.
2. How to protect yourself from phishing attacks?
Users need to remain vigilant and verify the authenticity of websites, to use two-factor authentication, to never share personal information online via unsecured connections, and to avoid clicking on suspicious links.
3. What should you do if you fall for a phishing attack?
It is essential to immediately change your password on the website, report the incident to the website’s customer support, and monitor your account for any suspicious activities.
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