Sep 2021 - Alpha Finance Phishing Site on Google - $Unknown (Global)
"Alpha Finance Lab is a DeFi Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program."
"Please make sure you enter our official webpage from our protocol only. Please be aware of scams that try to mimics our dApps, which are very hard to identify without seeing the hyperlink at the top. We have no control over the protection of your assets if it is stolen by these scam websites, so please be very careful."
"Please acknowledge the scams occurring in this industry by checking the hyperlink every time before you make any transaction. For instance, this scam website in the image below even gets advertised on google ads. Alphafinance with FL instead of FI and .com instead of .io"
"The UI of this website is very similar to our website, so please be VERY VERY careful. Do not try to connect your wallet to these websites."
Further Analysis
Alpha Finance is a DAO which allows users to gain exposure to different projects by holding and staking their ALPHA token. Scammers created a fraudulent website with a very similar name, which was linked prominently as a Google ad. Once users would attempt to connect their wallet, they would be asked for a seed phrase. It is unknown whether any users fell for it.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Bitcoin.org Double Your Cash Scam > > < < Vee Finance Price Oracle Manipulation
Sources/Further Reading
Is Alpha Venture Dao a scam? Or is Alpha Venture Dao legit?' (Jun 29)
@AlphaVentureDAO Twitter (Jun 29)
Alpha Finance Homepage (May 13)
Commonwealth (Jun 29)
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