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Hackers continue their relentless attacks, displaying no signs of slowing down. Shortly after the Multichain hack, scammers started spreading a phishing link on Twitter.<\/p>\n
The fraudulent distribution of Fantom (FTM<\/a>) to users \u2014 falsely linked to the Multichain attack \u2014 is rapidly spreading on Twitter, attracting significant attention. The post has attracted a lot of attention from Twitter users.<\/p>\n In the tweet, the scammers stated:<\/p>\n \u201cDue to the Multichain hack, Fantom Foundation is issuing an emergency FTM distribution to all users. All users who have interacted with the FTM chain are eligible to claim.\u201d<\/p><\/blockquote>\n A phishing link was included in the tweet and shared with the affected users, leading them to believe it is associated with Fantom Foundation, the nonprofit organization responsible for the Fantom network.<\/p>\n Due to the Multichain hack, Fantom Foundation is issuing an emergency FTM distribution to all users. <\/p>\n All users who have interacted with the FTM chain are eligible to claim. <\/p>\n Receive Now ➡️ https:\/\/t.co\/UUOBcycz8t<\/a>#Fantom<\/a> #Multichain<\/a> #FTM<\/a> #FTMUSDT<\/a>#FantomHackathon<\/a> $USDC<\/a>,\u2026<\/p>\n \u2014 Fantom Foundation (@FantomFNlD) July 7, 2023<\/a><\/p><\/blockquote>\n On July 6, Multichain encountered an alarming situation<\/a> when significant outflows were detected on its platform. In response, Multichain suspended operations to investigate the issue. By the end of the day, approximately $125 million worth of Multichain assets had been illicitly transferred to various wallets. The most targeted was the Fantom bridge, with approximately $122 million worth of Wrapped Bitcoin (WBTC), USD Coin (USDC<\/a>), Tether (USDT<\/a>) and other altcoins stolen from its holdings.<\/p>\n Looks like another hack happened on Multichain. This DOES NOT affect users on @Binance<\/a> or @Binance<\/a> itself. We have swapped all assets out and closed deposits a while back. Regardless, we offer our assistance in helping with the situation.<\/p>\n Stay #SAFU<\/a>. https:\/\/t.co\/GGInbxFkic<\/a><\/p>\n \u2014 CZ Binance (@cz_binance) July 7, 2023<\/a><\/p><\/blockquote>\n In response, Multichain strongly recommended<\/a>\u00a0users halt all activities on the protocol and revoke any contract approvals associated with it. This precautionary measure was advised until investigations were concluded and a comprehensive explanation was provided.<\/p>\n Related: <\/em><\/strong>Circle, Tether freezes over $65M in assets transferred from Multichain<\/em><\/strong><\/a> <\/u><\/em><\/strong><\/p>\n During the investigation, Binance CEO Changpeng \u201cCZ\u201d Zhao informed<\/a> his Twitter followers that the exchange remained unharmed by the attack, reassuring them that all funds were secure. Additionally, he verified that Binance had already executed an asset swap and\u00a0ceased accepting deposits from Multichain<\/a> some time ago.<\/p>\n Instances of Twitter hacks like these are increasingly prevalent within the crypto industry. Users must exercise caution and refrain from clicking on unfamiliar links.<\/p>\n Magazine: <\/em><\/strong>Should crypto projects ever negotiate with hackers? Probably<\/em><\/strong><\/a><\/p>\n<\/div>\n\n
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