Scammer steals $15M via HitBTC exchange cloning technique

Hundred Finance protocols

A hacker succeeded in easily deceiving the HitBTC customers with the help of a fake HitBTC exchange.

HitBTC is a Hong Kong-based digital assets exchange that has over 800 trading pairs. The platform was created in 2013 and provides exchange, custodial, and other related services. 

According to the crypto analytic platform SlowMist, a hacker created a cloned & suspicious version of the HitBTC crypto exchange and easily tricked the HitBTC customers.

So far, the hacker successfully drained nearly $15 million worth of crypto assets. 

Chinese crypto blogger Colin Wu reported that cloned HitBTC website is a highly advanced phishing website, It will check whether you have a connected wallet, then Use “Approve” to get unlimited authorization for your USDT; like many phishing sites, the signature box pops up automatically, once you click “Confirm”, your ETH will be stolen.

Crypto Twitter users warned the new crypto investors to remain aware of any kind of such scams and also suggested double checking the website URL link corresponding to the official website link. 

Recently Cybersecurity firm Kaspersky reported that phishing attacks are continuously surging in the internet world. Notably, phishing attacks surged by 40% between 2021 to 2022. 

Recently the Meta security team reported that some bad actors are using ChatGPT like intelligent minds to get new victims for their suspicious & malicious websites.

Read also: Bloomberg investigation reveals only 63% of the crypto firms had an independent board of directors

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