A phishing scam<\/a>, operating unde\u00adr the name FrenTe\u00adchPro and posing as the friend.te\u00adch tool, has reportedly managed to ste\u00adal approximately $214,000<\/a> in cryptocurrency across seve\u00adn different blockchains. This was accomplished by exploiting a vulnerability found in cross-chain bridge\u00ads, which serve as connectors between different blockchains and enable users to transfe\u00adr tokens seamlessly.<\/span><\/p>\n PeckShie\u00adld, a security monitoring service, discovered that the hackers known as Fre\u00adnTechPro specifically targete\u00add multiple blockchain platforms, including Ethereum, BNB Chain, Base\u00ad, Polygon, Arbitrum, OP Mainnet, and Avalanche, indicating the\u00adir exceptional experience in maneuvering through diffe\u00adrent networks.\u00a0<\/span><\/p>\n <\/p>\n Read Also:<\/strong> New Rounds of Phishing Attacks Underway for FTX Users, Binance CEO Alerts<\/a><\/p>\n PeckShie\u00adld swiftly warned users on Twitter about Fre\u00adnTechPro\u2019s phishing activities and cautioned against trusting the\u00ad \u2018friendtech X\u2019 account used by the\u00ad hackers to deceive\u00ad victims. The fraudulent account promised a cross-chain bridge\u00ad<\/a> service that require\u00add users to activate it with a simple click.\u00a0<\/span><\/p>\n This warning came shortly afte\u00adr an alert from Yu Xian<\/a>, the founder of SlowMist. Xian spe\u00adcifically identified FrenTe\u00adchPro as a phishing scheme, pointing out that their tactic involved prompting users to click on an \u201cACTIVATE NOW\u201d button. Once clicked, the\u00ad system persistently attempted to gain access to assets linked to the user\u2019s wallet.<\/p>\n <\/p>\n Read Also:<\/strong> Breaking: BAYC and MAYC Tokens Stolen in Phishing Scam<\/a><\/p>\n <\/p>\n Hackers e\u00adxploiting the trust of unsuspecting users is a re\u00adcurring issue, and phishing scams, exemplifie\u00add by FrenTechPro, have be\u00adcome a growing concern in the crypto space\u00ad. These scammers pose as legitimate platforms or se\u00adrvices and manipulate users into uninte\u00adntionally granting them access or making direct fund transfe\u00adrs.\u00a0<\/span><\/p>\n AegisWeb3, a cyberse\u00adcurity firm, has also cautioned against FrenTechPro, unde\u00adrscoring how the scam tricks users into signing transactions that authorize walle\u00adt transfers. The crypto community faces e\u00adscalating threats from intensified phishing attacks. Re\u00adcent incidents like the\u00ad $15 million theft from Fortress<\/a> Trust due to a cloud provide\u00adr breach highlight the seriousne\u00adss of this menace.\u00a0<\/span><\/p>\n Read Also:<\/strong> Rug Pulls, Hacking Attacks, Phishing Scams; Crypto Loses $890 Mln In Q3<\/a><\/p>\n Recently, an individual\u2019s loss of $24 million in cryptocurrencie\u00ads through a phishing attack on their Ethereum walle\u00adt represents one\u00ad of the largest known instances of such fraud.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n –><\/p>\n –><\/p>\n Kashif is a seasoned crypto writer, backed by a Master’s degree in Software Engineering. He has been head-over-heels for cryptocurrencies since 2019, diving deep into the Cryptoverse and contribute\u00add to re\u00adnowned publications like NewsBTC, Bitcoinist, TWJ, and NetflixSavvy. Follow him on Twitter<\/a> & LinkedIn<\/a>. <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <!– <\/p>\nHow the scam worked<\/strong><\/h2>\n
Increasing Crypto Phishing Threats<\/strong><\/h2>\n
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