STEPN impersonators stealing users’ seed phrases, warn security experts

Peckshield, a leading blockchain security firm, uncovered the presence of numerous phishing websites for that Web3 lifestyle application STEPN on Monday. Online hackers insert a forged MetaMask browser wordpress plugin by which they are able to steal seed phrases from unsuspecting STEPN users, based on Peckshield.

When these cybercriminals have the seed phrase, they gain complete control of the STEPN user’s dashboard where they might connect their stolen wallets to their personal or “claim” a giveaway according to Peckshield.

Peckshield has advised STEPN users to make contact with support as quickly as possible when they identify anything suspicious using their accounts. Some customers mentioned they’d experienced issues, reported these to support and resolved the issue.

However, STEPN has yet to supply any official remarks about this. The phishing notification showed up nearly 20 hrs following the Web3 lifestyle application finished its AMA session on Twitter spaces. Peckshield is a well-liked Twitter account in which the cryptocurrency community may find out about hacks or phishing scams.

STEPN is really a Solana-based game where gamers buy nonfungible token (NFT) athletic shoes to start playing. The application monitors users’ movement with the Gps navigation on their own cell phones and provides them in-game tokens known as Eco-friendly Satoshi Tokens (GSTs). These coins may then be traded for USD Gold coin (USDC) or Solana (SOL), allowing users to spend.

Phishing attacks, rug pulls and protocol exploits have grown to be more widespread within the cryptocurrency industry as decentralized finance (DeFi) and nonfungible tokens (NFTs) have grown to be popular. These kinds of attacks aren’t new, but they’re constantly evolving to benefit from users diversely.

Related: Trezor investigates potential data breach as users cite phishing attacks

Recently, the Ronin bridge on Axie Infinity was attacked and conned in excess of $600 million in Ether (ETH) and USD Gold coin. Reported by Cointelegraph lately, inside a cryptocurrency heist gone wrong, an assailant fumbled their getaway in the finish line, departing behind over $a million in stolen crypto. Captured, $80 million in crypto was stolen from Qubit Finance when online hackers duped the protocol into thinking they’d put lower collateral, letting them mint a bridged currency asset.

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