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Cryptocurrency websites are reporting phishing attacks amid market crash

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With the collapse of the crypto market, many crypto big data sites have been affected by cyber attacks, leading users to connect their crypto wallets via a fraudulent popup.

A fraudulent popup appeared on several popular sites, including CoinGecko, Etherscan, DeFi Pulse, and others, encouraging users to link their MetaMask wallets for use on the site.

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

As reported with the monkey skull logo and the nftapes.win domain now down, the phishing attack appears to be a link to the Bored Ape Yacht Club initiative. To fix the issue, CoinGecko founder Bobby Ong told CoinDesk that they are studying the root cause of the attack.

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

Meanwhile, Etherscan said in a tweet: “We have received reports of phishing popups via a third party integration and are investigating. Please be careful not to confirm any transactions appearing on the site.”

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

Last year, Check Point Research discovered a phishing attack that used Google ads to steal someone’s credentials or trick them into logging into the attacker’s wallet so that any transactions they attempted would be received.

However, it should be noted that the recent attack on crypto data sites occurred when stablecoins such as Terra Luna and Coinbase experienced major outages.

Previously, Coinbase, a major cryptocurrency exchange, experienced a massive outage amid the crypto chaos, particularly with the Terra Luna coin, which sparked investor fears.

The Coinbase outage occurred as Binance, the world’s largest cryptocurrency exchange, suspended trading of Terraform Labs (Luna) and TerraUSD (UST), which plummeted by 98%, wiping out investors’ savings.

More than $275 billion was wiped out of the global cryptocurrency market cap in less than 24 hours on May 12 and Bitcoin plunged to nearly $27,000, its lowest level since December 2020.

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