A group of hackers exploited the Twitter account of a crypto exchange, Gate io, to promote fraudulent activities. In an attempt to access the users’ wallets, fraudsters posted a fake giveaway of Tether (USDT) through the social media account.
By offering 500,000 USDT in rewards, they tweeted to ask users to connect wallets with a fake website so that they may be able to drain funds. The tweet contains a link to a fake, similar-looking mirror website that develops a connection with the company’s original website. More specifically, hackers change the website name to gate.com from gate.io.