Ethereum Denver Website Fallen Victim to Scammers

• The ETHDenver conference website scammed by fraudsters in a fake website.
• Blockfence noticed the fake website.

The Ethereum Denver conference website duplicated by cybercriminals, who used it to start a phishing scheme that culminated in the theft of almost $300,000 worth of Ethereum. Blockfence was able to recognize the fake website. And noticed that more than 2800 wallets hacked in the previous six months. The ETH Denver website has also become aware of the bogus website, and as a result, it sent out a tweet to alert its audience.

As per reports When ETHDenver set to take place on February 24 and 25, hackers had gone so far as to purchase a Google advertisement to promote the URL of the malicious website. After the legitimate ETHDenver website in a Google search, the fraudulent site displayed.  

Crypto Hacks in 2022

In 2022, several well-publicized cryptocurrency thefts resulted in substantial financial losses for holders of digital assets, including organizations and individuals. Seasonally, there has been an increase in crypto-related frauds as scammers look to make fast profits. 

And also DeFi protocols have become the biggest victims of cryptocurrency hacks. In October, a market manipulation attack on Mango Markets occurred when a hacker acquired Mango (MNGO) tokens and artificially inflated their value before borrowing money from the project’s treasury without adequate collateral. In the flash loan attack, almost $110 million was stolen.

Regarding cryptocurrency crimes, last year was the worst on record, with hackers stealing up to US$3.8 billion. Last year, the cryptocurrency market suffered as risk-taking decreased and several crypto businesses went under. Regulators increased requests for more consumer protection as a result of the significant losses suffered by investors.