Orbiter Finance Discord Server Hacked, Used to Promote Scam
Take action: Even if you don't care about cryptocurrency, it's important to understand the "airdrop" scam - it's much like a "free tickets" campaign but with cryptocurrency. But since there is no such thing as free lunch, what usually happens is that scammers trick people into giving away their cryptocurrency as 'transaction fees' for fake tokens.
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Orbiter Finance, a blockchain bridge service, experienced a security breach on its Discord server, where bad actors hacked the server and abused it for profit.
Orbiter Finance serves as a connection between different blockchain networks or protocols. It allows users to transfer their cryptocurrency assets from one network to another, even if those networks use different technologies or have different rules.
The attack included hacking and taking over control of the Discord server and then using it to share a link to a fraudulent airdrop program. The hackers quickly announced a phony ORB token launch and airdrop event, claiming to distribute 5,000,000 ORB tokens.
The hacker, known as Pink Drainer, orchestrated the fraudulent scheme, resulting in the theft of approximately $213,000.
A security and analytics platform disclosed the hack on Twitter, warning community members to be cautious of any shared links. Orbiter Finance's team confirmed the breach and reassured followers of their efforts to regain control of the compromised server.
How the airdrop scam works?
An airdrop program is like a special event where people are given free tokens or coins for a particular cryptocurrency. It's kind of like when you go to a fair or carnival, and they give you a free ticket to ride a fun attraction. In this case, instead of a ticket, you receive free tokens or coins. It's a way for cryptocurrency projects to reward their supporters or get more people interested in their project.
There are a few ways that bad actors might try to trick you with an airdrop program. Here are a couple of common tactics to be aware of:
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Fake Airdrop Programs: Some scammers will create their own fake airdrop programs, claiming to be associated with a well-known cryptocurrency project. They may ask you to send a small amount of cryptocurrency or complete certain tasks to receive the airdrop. However, once you send them your cryptocurrency or complete the tasks, they will disappear, and you won't receive anything in return.
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Phishing: Scammers might create fake websites or send emails pretending to be from a legitimate project running an airdrop. They will ask you to provide your personal information, such as your private keys or wallet address, claiming it's necessary to receive the airdrop. However, if you share this information, they can use it to access your cryptocurrency and steal your funds. Remember, legitimate airdrops will not ask for your private information.
