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This Web3 Platform’s X Account Has Been Compromised

2 mins
Updated by Harsh Notariya
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In Brief

  • PeckShield reports Beoble's X account compromised, spreading phishing links for fake airdrops.
  • Backed by industry leaders, Beoble remains in hackers' grip, users warned against malicious links.
  • February saw 57,000 fall victim to crypto scams, with Ethereum users losing $36.2 million.
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The blockchain security firm PeckShield has announced the compromise of Beoble’s X account. Notably, this account has been caught spreading a phishing link. It deceitfully prompts users to verify their eligibility for an airdrop.

This incident marks a rising trend of cybercriminal sophistication targeting the crypto community.

Beoble’s X Account Remains in Hackers’ Control

Beoble, a Web3-based chatting platform backed by industry heavyweights like Animoca Brands, Samsung Next, HashKey Capital, and Digital Currency Group, is now at the center of a security breach. Users are advised against clicking any links from Beoble’s X account until further notice. Currently, the account remains under unauthorized control.

The phishing attempt is notably cunning, leveraging the verified status of Beoble’s X account to lend credibility to the airdrop scam. It promises users a chance to claim an airdrop, an effective tactic despite widespread awareness campaigns about such scams.

Read more: Crypto Social Media Scams: How to Stay Safe

Beoble Official Account Shares Malicious Link
Beoble Official Account Shares Malicious Link. Source: X (Twitter)

According to Scam Sniffer, a significant increase in personal crypto scams was observed last month. Remarkably, about 57,000 individuals became victims, suffering a collective loss of nearly $47 million. Most of these scams were executed via phishing on various social media platforms, including X (formerly Twitter).

Particularly, Ethereum mainnet users bore the brunt, accounting for 78% of February’s total victims. Theft from these users amounted to $36.2 million, emphasizing the urgent need for increased vigilance and security. Additionally, Ethereum-based ERC20 tokens represented about $40 million of the stolen assets, showcasing the extensive reach of these operations.

However, it’s not all grim news. Success stories in combating such attacks exist. For instance, ZachXBT recently foiled a phishing attempt targeting $4.3 million in Artificial Liquid Intelligence (ALI) tokens. This victory involved quick community action and an emergency governance vote to burn the compromised tokens.

Read more: Who Is ZachXBT, the Crypto Sleuth Exposing Scams?

Ashish Singhal, the co-founder of the crypto exchange CoinSwitch, advised users to stay alert amidst rising phishing attacks.

“Double-check all access and signatures you make for your wallets. If you are not confident or not well versed with on-chain security, use a trusted custodial service,” Singhal advised.

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Harsh Notariya
Harsh Notariya is a journalist and crypto expert that excels in delivering the latest Web3 and Crypto News. Previously, as a Growth Marketer at Sporty and a Community Consultant at Totality Corp, he significantly boosted community engagement and followers. Harsh also crafted engaging content for top crypto influencer Shivam Chhuneja, blending meme references for an educational yet fun experience. His versatile skills make him a notable figure in crypto journalism.