Gaming-focused decentralized autonomous organization (DAO) Treasure informed its users it has no plans for airdrops and new mints as some of its X accounts were compromised due to a rise in phishing attempts within its community and in the Arbitrum ecosystem.
recently informed its users that some of its X accounts were compromised. The organization reminded its community that it has no plans for airdrops, new mints, or anything else.
Hackers have seized control of decentralized game publisher Treasure’s X accounts, Playontreasure and Playbridgeworld, according to a July 24 tweet. The organization cautioned users against clicking on links shared by the accounts.
The crypto game publisher tweeted on July 25 that, after working to regain access to the accounts, it was able to return the X accounts to their “rightful hands” and ultimately contain the issue.
The company did not provide additional information about how the recent security compromise occurred or whether any victims were affected.
However, the company cautioned its users to exercise extreme caution and safety, noting that its team has observed increased fraudulent attempts within the Treasure community and the greater Arbitrum ecosystem.
Changpeng Zhao, CEO of Binance, warned the cryptocurrency community on July 21 regarding the rise in phishing attacks. Zhao exhorted exchange users to implement hardware-based two-factor authentication (2FA) systems instead of mobile carrier-based 2FA.
Mudit Gupta, chief information security officer at Polygon, discussed the difficulties of being a defender in the security world at the recent Ethereum Community Conference 6 in Paris.
According to Gupta, defenders are responsible for securing all possible entry points. He emphasized that if there is a gap, someone will enter. On the other hand, attackers have it more straightforward because they only need to identify one entry point and ignore the others.
