Ordswap, a marketplace for Bitcoin Ordinals, has taken actions to address a recent security breach that compromised its website. The platform introduced a tool, as announced on its X account on October 10, 2023, to assist users who logged in using MetaMask to regain access to their private keys and transfer their assets to other service providers.
Source for metamask users to obtain key is now available below. You are able to import(hex) to Unisat. https://t.co/oETb7h7sA0 https://t.co/NGaaLiNNwW
— Ordswap (@ordswap) October 10, 2023
Earlier, on October 9, 2023, Ordswap issued a warning urging users not to access its website as it lost control over its domain. Few hours later after its warning, the platform announced that it was already working on how to help its users to recover their assets.
We are working on publishing source for metamask users to obtain their key if they have not already. The issue appears to be with Netlify, but we are still working through it. https://t.co/uYGxJkzGfj
— Ordswap (@ordswap) October 9, 2023
Some users had noticed a suspicious button on the website, prompting them to connect their crypto wallets.
Ordswap has, however, attributed this security issue to their website service provider, Netlify.
The Ordswap team has emphasized that users’ private keys and assets have not been compromised despite the security breach. However, they have issued a warning urging users not to access their website further, as continued interaction could jeopardize their security.
This Ordswap incident is the latest of a series of hacks and scams that have plagued the cryptocurrency sector in recent months; with an escalation in September 2023. Interestingly, this incident resembles a similar attack on Balancer, an Ethereum-based platform, in late September 2023. In this attack, scammers stole approximately $240,000 from the platform.
Balancer suspected that the attackers manipulated their DNS service provider through social engineering tactics to deceive users into approving a harmful contract, ultimately draining their wallets.
Similarly, in August, software development company Retool disclosed that 27 accounts of its cloud customers were compromised in an SMS-based phishing attack. According to the company, it happened at the time the company was migrating their logins to Okta.
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