Cryptocurrency Websites Report Phishing Attacks Amid Market Crash

As the crypto market crashed, several crypto big data websites were hit by cyberattacks, tricking users into connecting their crypto wallets through a scam pop-up.

A scam pop-up appeared on several famous websites, including CoinGecko, Etherscan, DeFi Pulse and others, encouraging users to connect their MetaMask wallets to use on the site.

This wallet is a cryptographic software wallet that can be accessed via phone or browser.

As indicated with a monkey skull logo and a now disabled nftapes.win domain, the phishing attack appeared to promise a link to the Bored Ape Yacht Club initiative. To resolve the issue, CoinGecko founder Bobby Ong informed CoinDesk that they are looking into the root cause of the attack.

Ong believes the event was caused by a malicious ad script from Coinzilla, a cryptocurrency advertising network.

Meanwhile, Etherscan said in a Tweet: “We have received reports of phishing popups via third-party integration and are investigating. Be careful not to confirm transactions that appear on the website.”

This type of cyberattack usually includes sending fake communications that appear to come from a trusted source. Email is the most widely used means of communication. The purpose of these attacks is to steal sensitive information such as credit card and login information or to infect the victim’s computer with malware.

Last year, Check Point Research uncovered a phishing attack that used Google ads to steal someone’s credentials or trick them into logging into the attacker’s wallet so that all transactions he was trying to be received.

However, it should be noted that the latest attack on cryptocurrency data websites happened when stablecoins such as Terra Luna and Coinbase suffered major outages.

Previously, leading crypto exchange Coinbase experienced a massive outage amid the crypto chaos, especially with the Terra Luna coin, raising concerns among investors.

The Coinbase outage came as Binance, the world’s largest cryptocurrency exchange, halted trading in Terraform Labs’ Terra (Luna) and TerraUSD (UST) tokens, which had fallen 98%, wiping out investors’ savings.

Over $275 billion was wiped from the global crypto market cap in less than 24 hours on May 12 and Bitcoin fell to around $27,000, its lowest level since December 2020.

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Cryptocurrency Websites Report Phishing Attacks Amid Market Crash


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