{"id":28003,"date":"2024-03-21T16:25:22","date_gmt":"2024-03-21T16:25:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/100k-lost-users-to-be-fully-refunded\/"},"modified":"2024-03-21T16:25:22","modified_gmt":"2024-03-21T16:25:22","slug":"100k-lost-users-to-be-fully-refunded","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/100k-lost-users-to-be-fully-refunded\/","title":{"rendered":"$100k lost, users to be fully refunded"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1676474927121-228f62df-9c46-41d2-9eab-2d762a3cab19-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1676474927121-228f62df-9c46-41d2-9eab-2d762a3cab19-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1676474927121-228f62df-9c46-41d2-9eab-2d762a3cab19-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1676474927121-228f62df-9c46-41d2-9eab-2d762a3cab19-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>Layerswap\u2019s domain, layerswap.io, was hijacked, leading to a phishing scam and $100,000 loss.<\/li>\n<li>Despite delays, Layerswap regained control, pledged full refunds, and offered a 10% bonus.<\/li>\n<li>Crypto scams remain prevalent, with $46.86 million lost in February 2024 alone.<\/li>\n<\/ul>\n<p>On March 20th, around 7:40 PM UTC, Layerswap\u2019s domain, layerswap.io, fell victim to a significant <a href=\"https:\/\/x.com\/layerswap\/status\/1770679223876780091?s=20\">security breach<\/a>.<\/p>\n<p>Malicious actors compromised Layerswap\u2019s GoDaddy account, altering the domain\u2019s DNS settings, and redirecting traffic to a phishing site.<\/p>\n<p>Despite swift action, around 50 users fell prey to the scam, collectively losing $100,000 in assets.<\/p>\n<h2>Layerswap has recovered the domain<\/h2>\n<p>Despite encountering delays, Layerswap regained access to their GoDaddy account by 11:07 PM UTC, enabling them to reverse the hacker\u2019s modifications and regain control of their domain.<\/p>\n<p>The company has taken proactive measures, fully refunding affected users and offering an additional 10% as compensation for the inconvenience caused by the security breach.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">11:07 PM: We finally regained the ability to log into our <a href=\"https:\/\/twitter.com\/hashtag\/GoDaddy?src=hash&amp;ref_src=twsrc%5Etfw\">#GoDaddy<\/a> account. <\/p>\n<p>11:15 PM: We immediately reset the name servers, changed all account passwords, and updated 2FA settings. <\/p>\n<p>11:40 PM: DNS changes were fully propagated restoring our control over the domain. <\/p>\n<p>12:00 AM:\u2026<\/p>\n<p>\u2014 Layerswap (@layerswap) <a href=\"https:\/\/twitter.com\/layerswap\/status\/1770679230482833722?ref_src=twsrc%5Etfw\">March 21, 2024<\/a><\/p>\n<\/blockquote>\n<h2>Scam Sniffer\u2019s insights on crypto scammers<\/h2>\n<p><a href=\"https:\/\/drops.scamsniffer.io\/post\/scam-sniffer-2023-crypto-phishing-scams-drain-300-million-from-320000-users\/\">According to Scam Sniffer<\/a>, February 2024 witnessed significant losses of $46.86 million in cryptocurrencies due to scams, with over 57,000 individuals falling victim to various phishing schemes.<\/p>\n<p>Notably, there was a 75% decrease in victims losing over $1 million compared to January 2024. Despite efforts to combat scams, vulnerabilities persist, as seen in ParaSwap\u2019s recent incident, where a hacker managed to cash out funds worth approximately $24,000.<\/p>\n<p>The Layerswap incident serves as a stark reminder of the persistent threat posed by cybercriminals in <a href=\"https:\/\/coinjournal.net\/news\/tag\/cryptocurrency\/\">the cryptocurrency space<\/a>.<\/p>\n<p>While Layerswap\u2019s swift response and commitment to refund affected users are commendable, it underscores the need for enhanced security measures and user awareness within the crypto community.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/layerswap-hack-100k-lost-users-to-be-fully-refunded\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Layerswap\u2019s domain, layerswap.io, was hijacked, leading to a phishing scam and $100,000 loss. Despite delays, Layerswap regained control, pledged full refunds, and offered a 10% bonus. Crypto scams remain prevalent, with $46.86 million lost in February 2024 alone. On March [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":28004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28003"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28003"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28004"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}