MEV bot scam rides AI hype to return under new name, says SlowMist
Blockchain security firm SlowMist found a growing number of people lost funds to fake trading bots that use OpenAI’s ChatGPT in the name to build legitimacy. Go to Source
Bookmarking Crypto Insights
Auto Added by WPeMatico
Blockchain security firm SlowMist found a growing number of people lost funds to fake trading bots that use OpenAI’s ChatGPT in the name to build legitimacy. Go to Source
An X user called “maxlin.eth” encountered a job-hunting scam where the attackers jumped into a Zoom call and tricked a potential victim into downloading a malicious app. Go to Source
The founder of SlowMist has warned that the Telegram messenger ecosystem is “too free” for exploiters of the TON ecosystem. Go to Source
Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet. The con artists coax victims into changing their Ethereum RPC URL to one they control, making it appear as though USDT funds were deposited, only … Read more
SlowMist Technology’s report stated that this type of scam exploits users’ trust and negligence, resulting in asset losses. Go to Source
The “fake deposit” attack enables bad actors to execute a transfer where the requested value is larger than what the user actually owns. Go to Source
SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams. Go to Source Powered by WPeMatico
The hackers created decoy websites impersonating NFT marketplaces, NFT projects and even a DeFi platform. Go to Source Powered by WPeMatico
The funds returned so far has come in the form of Ether (ETH), Binance-pegged ETH and BNB ($14.2 million). Go to Source Powered by WPeMatico
Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news was first revealed by Peckshield, a blockchain analytics company that discovered a flash loan had exploited the platform. This is the third hack the protocol has suffered in its history, being exploited for $36 … Read more