Tellor Price Takes a Hit Due to Twitter Phishing Scam

Crypto News– A recent report from PeckShield Alert has raised significant concerns within the crypto community. Tellor’s Twitter account, @WeAreTellor, recently fell victim to a phishing scam, sparking worry and caution among cryptocurrency enthusiasts. The attackers, masquerading as Tellor, enticed users with the promise of a substantial TRB airdrop, only to lead them into a dangerous trap.

Tellor Price Takes a Hit Due to Twitter Phishing Scam

In recent days, the surge in crypto scams and security breaches has become a major point of concern for investors. The increasing number of such incidents has left many market participants anxious about potential threats to the digital asset space. On November 3, Tellor’s official Twitter account was compromised, and a deceptive tweet was posted, claiming that over $50,000 worth of TRB could still be claimed in their airdrop. Notably, the tweet featured a persuasive call to action: “hurry before it’s too late. Claim your TRB.” To make matters worse, a link was provided for eager users to claim these tokens.

However, PeckShield Alert acted swiftly to raise the alarm, cautioning users that the “Claim your TRB” message and the accompanying link were part of a phishing scam. The perpetrators behind this malicious operation sought to exploit unsuspecting crypto enthusiasts.

Price Plummets in the Aftermath of the Event

The Tellor (TRB) cryptocurrency has experienced notable declines in the wake of this incident. However, it’s essential to note that the ongoing downward trend in the broader cryptocurrency market may have also played a role in the crypto’s losses.

At the time of writing, the Tellor price had dropped by 6.08% to reach $105.27, and its trading volume had surged by 64.24% to $74.57 million. It’s worth mentioning that over the past 30 days, the crypto has seen an impressive 107% increase in its price, underscoring the growing interest of investors in this particular cryptocurrency.