Tellor (TRB), a decentralized oracle network, had its official Twitter account hacked earlier today, resulting in a steep drop in the price of its native TRB token.
The hacker posted fake announcements of a TRB airdrop and links to malicious websites designed to steal users’ private keys and drain their cryptocurrency wallets. Unsuspecting users who clicked on the links and entered their seed phrases had their funds stolen.
The Tellor team quickly confirmed on their Discord that the announcements were fraudulent and that no airdrop was taking place. They urged the community not to click any links or provide wallet information.
The fake airdrop announcements and compromised Twitter account caused uncertainty in the market, with TRB plunging sharply over the last 24 hours.
The Tellor protocol uses a network of staked miners to provide decentralized price feeds to DeFi platforms. Its native token, TRB, is used to reward miners and govern the network.
The Twitter account has not yet been secured, so users are advised not to click on any links posted there for the time being.
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