Fake Ethereum Denver website linked to notorious phishing wallet

The fake website of Denver’s popular Ethereum conference is the latest phishing target for a red flag smart contract that stole over $300,000 worth of Ethereum (ETH).

This week, hackers duplicated the website of a popular conference to trick users into connecting their MetaMask wallets. According to Blockfence, which discovered the fraudulent website, the smart contract has accessed over 2,800 wallets and stolen over $300,000 in the past six months.

ETHDenver also posted a warning to its Twitter followers about the malicious website.

Blockfence CEO Omri Lahav told Cryptooshala that users have been asked to connect their MetaMask wallets using the usual “connect wallet” button. The website proposes a transaction that, if approved, performs a malicious function and steals users’ funds.

The Blockfence research team identified the incident by monitoring various trends in the industry. Lahav said that the scam smart contract has stolen over 177 ETH since its deployment in mid-2022:

“Since the smart contract was deployed almost six months ago, it is possible that it was used on other phishing sites.”

The hackers went so far as to pay for Google ads to promote the URL of a malicious website, counting on high search trends when ETHDenver took place on February 24 and 25. The fake website ranked second in Google searches, behind the actual ETHDenver. Web site.

As Cryptooshala previously reported, hacks and scams are still common in the cryptocurrency ecosystem. In 2022, more than $2.8 billion worth of cryptocurrencies were stolen through various hacks and exploits.

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