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COINTURK NEWS > Cryptocurrency Security > Hackers Target Renzo Protocol’s Official Account
Cryptocurrency Security

Hackers Target Renzo Protocol’s Official Account

In Brief

  • Hackers took over Renzo's official Twitter (X) account.

  • They directed followers to a fake address to steal funds.

  • Always verify the address bar before clicking on links.

COINTURK NEWS
COINTURK NEWS 1 year ago
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For cryptocurrency investors, such attacks have become normal, but new investors are still highly likely to fall into traps. Hackers who took over the official X account of the popular cryptocurrency protocol are directing followers to a fake address. So, how should one take precautions against such attacks?

Renzo Protocol Hack

Renzo, a restaking platform for Ethereum, had its official Twitter (X) account hacked a short while ago. We see the usual setup by the attackers here as well. The attackers invite investors to click on a link for the protocol’s token, actually trying to lure them into a trap. But how does the Renzo web address preview appear in the bottom left corner?

This is a vulnerability, and many victims believe it without verifying the address of the opened page. Because it is shared from the official account and the link preview looks correct, they quickly click on it and connect their wallets to the attackers’ website. As a result, since the attackers gain full transfer authority in the wallet, they empty the accounts.

Even if it is from official X accounts, you should always approach such exciting announcements with suspicion and check how the address appears in the browser’s address bar.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 4 June, 2024 - 8:54 pm 4 June, 2024 - 8:54 pm
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