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.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
