Binance Labs-backed Velvet Capital forced offline to prevent phishing attack
According to Vasily Nikonov, the founder of Velvet Capital, users who have confirmed any transactions on the platform since April 23 at 5:39 am UTC may be potential victims of the website hack.
Decentralized finance (DeFi) asset management protocol Velvet Capital was forced to deactivate its website temporarily to prevent a major phishing attempt.
Crypto community members on X reported unusual activity on Velvet Capital’s trading platform on April 23. Users trying to connect to the front-end were prompted to approve their wallet access to the protocol.
Internal investigations led Velvet Capital to issue a cybersecurity alert, advising investors to deny all wallet connect requests from the application until further notice.
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Author: Arijit Sarkar
