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CertiK, Leading Blockchain Security Firm, Falls Victim To Crypto Hack

Will Izuchukwu by Will Izuchukwu
January 5, 2024
in News
Reading Time: 2 mins read
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Established in 2018 by professors from Columbia and Yale, CertiK has been at the forefront of blockchain security, employing cutting-edge Formal Verification and AI technology to safeguard and monitor blockchains, smart contracts, and Web3 applications.

In the year 2023, CertiK conducted audits for 22.1% of projects that experienced hacks amounting to $500,000 or more.

In 2023, CertiK audited 22.1% of projects that suffered hacks amounting to $500k or more.

Now, their X account is compromised. pic.twitter.com/PLqctw645m

— ChainLight (@ChainLight_io) January 5, 2024

Certik Account Shares Fraudulent Link From RevokeCash

However, the robust security of CertiK has faced a significant challenge today as their X account became compromised. With over 340,000 followers, this account allegedly shared a harmful and fraudulent link from RevokeCash. Several third-party programs raised alarms, indicating that the provided link was associated with addresses known for scams.

🚨WARNING TO ALL USERS: CERTIK X ACCOUNT COMPROMISED🚨

– Reports are circulating like wildfire that security firm, @Certik, has had its X/Twitter account compromised.

– The account, which currently boasts more than 340K followers, reportedly posted a malicious and fake… https://t.co/ni3STUSVnP pic.twitter.com/8LviXMxLuH

— BSCN (@BSCNews) January 5, 2024

As a consequence, the post has been promptly removed. Nevertheless, there hasn’t been an official statement from CertiK through the affected account addressing the situation.

This incident raises concerns about the vulnerability of even the most advanced blockchain security firms. The crypto community awaits an official response from CertiK to gain insights into the extent of the compromise and the potential impact on its users. 

The swift removal of the harmful post indicates a proactive response, but a comprehensive and transparent communication from CertiK would be crucial in maintaining trust within the blockchain and cryptocurrency ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @thevrsoldier to stay updated with the latest Crypto, NFT, and Metaverse news!

Image Source: mila103/123RF// Image Effects by Colorcinch

Tags: CertiKhackhacker
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