Velvet.Capital Shuts Down Website Due to Critical Phishing Attack Risk

Velvet.Capital Shuts Down Website Due to Critical Phishing Attack Risk

DeFi asset management protocol Velvet.Capital has temporarily shut down its website after detecting a critical phishing attack risk. "We are now working with our tech team and security researchers to regain control over the compromised website. Until further notice, we kindly ask our users to reject any request to connect their wallets," said Velvet.Capital CEO Vasily Nikonov. ### Phishing Attacks on the Rise This incident highlights the increasing risk of phishing attacks in the cryptocurrency industry. Phishing scams attempt to trick users into revealing their private keys or other sensitive information by posing as legitimate websites or individuals. Velvet.Capital's website shutdown is a reminder to all cryptocurrency users to be vigilant against phishing attacks. Never click on links or open attachments from unknown sources, and always verify the authenticity of websites before entering any personal information. ### Avoid Connecting Wallets While Velvet.Capital's website is down, users are advised to avoid connecting their wallets to any third-party websites. Instead, interact with the platform directly through its official app or connect through a reputable hardware wallet. ### Previous Phishing Incident Previously on April 22, 2024, Velvet.Capital had reported a similar phishing attack and urged users to stay vigilant. The company's swift response to these threats demonstrates its commitment to protecting its users' assets.