As soon as access is granted, the scammer locks out the victim and takes everything he can from the accessible accounts. Typically, the scammer starts by impersonating a victim and getting a service provider to give access to a phone or device linked to multiple accounts. It’s been reported that cryptocurrency users have been significantly impacted by social engineering scams. Social engineering and other threats related to cryptocurrency Users were initially greeted by a blocked notification and phishing warning, but the site has since been taken down. In response, the Ethereum Classic team quickly notified users of the compromise through Twitter and had the site blacklisted.
The hacker also inserted code on the site that enabled him to copy private keys users typed into the site, allowing the hacker to siphon funds from the victims' accounts. With this kind of access, the hacker was able to redirect the domain to his own server. According to the developers of Ethereum Classic, the hacker called the domain registry and impersonated the owner of Classic Ether Wallet to hijack the site (masquerading as an executive or higher-up is an old social engineering scam that is commonly used to gain valuable data).
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