Following Aave's achievement of $60 billion in deposits, a phishing attack targeting users unfolded. Security experts are warning about the risks involved.
Aave's Record Announcement
On August 6, Aave announced that it became the first decentralized finance (DeFi) protocol to accumulate $60 billion in net deposits across 14 networks. Token Terminal data shows that Aave's net deposits have increased more than threefold from around $18 billion in August 2024.
Phishing Attack on Aave Users
The following day, on August 7, blockchain investigation firm Peckshield alerted the crypto community about an ongoing phishing attack targeting Aave investors. Crypto scammers have posted phishing links to fake Aave investment platforms via Google Ads.
How to Protect Against Phishing Attacks
Phishing scams deceive users into revealing sensitive information, such as private keys or login credentials. Investors are advised to double-check website URLs before interacting, and in case of compromise, immediately transfer funds to a secure wallet and revoke permissions through services like Revoke.cash.
Phishing attacks pose a significant threat to crypto investors. Maintaining vigilance and adhering to security measures can help mitigate risks and protect funds.
