Hackers have targeted the official Discord server of Arbitrum (ARB), a popular blockchain network, by posting a phishing link that prompted unsuspecting users to enter their private information.
According to CetriK, a blockchain-focused security firm, a Discord account belonging to one of Arbitrum’s developers was compromised, sharing a fake announcement on the server.
The phishing message allowed users to re-claim an additional stake in Arbitrum DAO Governance and claimed there were issues during the initial token claim drive. However, the URL contained a misspelling of “Arbitrum” as “Arbtirum,” a common deception technique in phishing attacks.
Clicking on the phishing link usually takes victims to a fake website, where they are asked to enter personal information, such as a wallet’s private key. However, in this case, the link leads to a blank website with the text “Astaghfirullah,” which means “I seek forgiveness in God” in Arabic. This expression can also be used to show disbelief or disapproval. Investors are advised to only interact with the announcement once Arbitrum clarifies further.
As the popularity of cryptocurrency grows, hackers are increasingly targeting investors with deceptive schemes. Investors need to be hypervigilant about unrealistic claims and deceptions.
The best way to protect oneself is to exercise caution and avoid clicking on suspicious links or downloading files from unknown sources. Investors should also use two-factor authentication and keep their private keys secure.
This incident highlights the importance of strong security measures in the cryptocurrency industry. Companies must prioritize cybersecurity and proactively protect their users as more people adopt digital assets.
