Gate.io’s Twitter Hacked, Fake Giveaway Offered

Another fraud has taken place in the crypto-verse.

According to the reports, a group of unidentified hackers has seized the official Twitter account of crypto exchange Gate.io, organizing a fake Tether (USDT) giveaway and targeting over 1 million people.  

The culprits behind the hack changed the website URL from Gate.io to gąte.com, where they offer people to participate in a fake giveaway of 500,000 USDT, asking users to connect their wallets, including the popular options like MetaMask to claim the rewards. This way, the hackers aimed to gain access to their funds to steal them. 

The Gate.io issued an official statement confirming the hack.

“Dear Gate.io users, Gate.io's Twitter account is currently suspended as scam messages and phishing links were posted after access to the account was lost today. For your asset security, please DO NOT engage with any content on Gate.io's Twitter account:@gate.io,” part of the message reads.

The company added that it is investigating the case and working to regain access to the Twitter account, promising to keep the community informed. 

The company’s Twitter handle once again features the gate.io website address in the bio press-time. 

The latest compromise comes just a week after Mango Markets was hacked that resulted in a plot full of twists and turns, with the exploiter eventually coming forward to return some of the funds and saying that he should not be subjected to responsibility for the hack.

Previously, Gagarin News reported that North Korean hackers attacked Japanese crypto exchanges, with Japan’s National Police Agency noting cyberattacks launched by the Lazarus Group. The culprits, supported by North Korean authorities, were targeting crypto exchanges.

North Korea is known for its hackers that allegedly use the stolen fund for funding the country’s illegal nuclear development program. The country is one of the most sanctioned in the world.