NEWS Gate.io users at risk as scammers fake giveaway on hacked Twitter account

[Google News Bot]

Hackers took over the official Twitter account of crypto exchange Gate.io, putting over 1 million users at risk of losing funds to an ongoing fraudulent Tether (USDT) giveaway. Social media platform Twitter serves as the most effective medium to reach the crypto community. As a result, the trend of hacking into official Twitter handles of verified accounts to promote scams is on the rise. Hackers of unknown origin took over Gate.io’s Twitter account and changed the website URL from Gate.io to gąte.com (https://xn--gte-ipa.com/) — a fraudulent website impersonating the exchange. The fake ...

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[Sotherefore]

This it's not the first time hacking is being done on the platform . The platform is always at risk of being hacked all the time.
They should rather look for a way to step up their security system to prevent hackers just exactly like other cryptocurrency platforms are doing.