Compound Finance, a prominent DeFi protocol, suffered a security breach as its Twitter account was hacked. The compromised account posted an advertisement for "free $COMP tokens," directing users to a phishing site that mimicked the official website. Cybersecurity entities like Scam Sniffer and Officer's Notes issued warnings, advising against clicking on any provided links. The phishing site, identified as a "Pink Drainer" scam, was designed to steal users' cryptocurrency.
Blockchain security platform Scam Sniffer reported that the phishing site was spotted 16 hours before the alert. Additionally, blockchain investigator ZachXBT traced funds stolen by the site, which were laundered through the eXch exchange. Approximately 275,700 LINK tokens, valued at $4.4 million, were phished and transferred to a Pink Drainer wallet. Two Ethereum transactions were linked to this incident, indicating the scale of the theft and highlighting the victim's authorization of a significant transaction to the attacker's address.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.