Blockchain investigator Peckshield has warned people to enhance the security of their private keys from the growing risk of phishing attacks.
The warning comes after hackers recently gained control of Gate.io’s Twitter account and altered the website’s URL to gte.com, a phony website mimicking the crypto exchange.
#PeckShieldAlert #Phishing Seems like crypto-exchange Gate[.]io’s verified Twitter account @gate_io was compromised & has been used to share links to fraudulent $USDT GIVEAWAY.
gąte[.]com is the phishing site.
Thanks @aayushrai11 and @grpolice for the intel pic.twitter.com/cpZ6CgAADm
— PeckShieldAlert (@PeckShieldAlert) October 22, 2022
In a fake promotion, the website claimed to giveaway 500,000 USDTs and encouraged visitors to link their wallets, such as MetaMask, with the platform to collect the cryptos.
UK Mulls Financial Bill Amendment To Include Cryptos
Britain plans to amend its Financial Services and Markets Bill to regulate the crypto market. The bill, introduced by Andrew Griffith, parliamentarian and financial secretary, is being debated in parliament.
Most crypto firms are currently not regulated by the Financial Conduct Authority (FCA). The bill, when passed into law, will make it mandatory for crypto firms to register under FCA by next year. The legislation aims to prevent money laundering and terror financing.
EU To Regulate DeFi Space
The European Union is considering regulating the cryptocurrency space amid growing scams and hacks, said Tarik Roukny, an assistant professor at Leuven University in Belgium.
Roukny told the European Commission, the executive body of the EU, that decentralized finance (DeFi) might need new forms of voluntary regulation to manage the grave threats facing the crypto market.
He said the current measures for the financial market are inadequate to handle the risks as many players involved in providing crypto wallets and stablecoins may conceal their identities.
Still, he said, “DeFi tools hold a credible promise for new forms of financial services adapted to a globalized, competitive, fair, and digital economy.”
Argentina Busts Crypto Mining Farms
Argentina’s tax collecting agency AFIP and Buenos Aires provincial authorities have detained 40 people following 70 raids on illegal crypto mining businesses, the government said Thursday.
AFIP has also seized a “substantial amount of cash and crypto mining equipment,” it said.
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