FrenTechPro Phishing Scam Steals $214,000 Across Blockchains
According to reports, a phishing scam operating under the name FrenTechPro and posing as the friend.tech tool has stolen approximately $214,000 in cryptocurrency across 7 blockchains.
PeckShield, a security monitoring service, discovered that hackers known as FrenTechPro specifically targeted multiple blockchain platforms, including Ethereum, BNB Chain, Base, Polygon, Arbitrum, OP Mainnet, and Avalanche, demonstrating their exceptional skill at navigating through different networks.
PeckShield warned Twitter users about FrenTechPro's phishing activities and cautioned against trusting the hacker-created ‘friendtech X' account. This hack was accomplished by exploiting a flaw in cross-chain bridges, which connect various blockchains and allow users to transfer tokens seamlessly.
This warning came shortly after an alert from SlowMist's inventor, Yu Xian. Xian identified FrenTechPro as a phishing scheme, noting that their tactic included encouraging users to select an “ACTIVATE NOW” button. Once clicked, the system repeatedly attempted to acquire access to the user's wallet-linked assets.
Rise in Crypto Phishing Scams
Hackers exploiting the trust of unsuspecting users is a recurrent problem, and phishing schemes, such as FrenTechPro, have become a growing concern in the crypto space. These con artists pose as genuine platforms or services to trick users into inadvertently granting them access or initiating direct fund transfers.
AegisWeb3, a cybersecurity firm, has also issued a warning about FrenTechPro, highlighting how the scam deceives users into authorizing wallet transfers by having them autograph transactions.
Phishing attacks are intensifying, posing a growing danger to the crypto community. Recent incidents, such as the $15 million robbery from Fortress Trust due to a cloud provider breach, demonstrate this threat's gravity.
An individual's recent loss of $24 million in cryptocurrencies due to a phishing attack on their Ethereum wallet is one of the most significant known instances of this type
