Marketplace takes action to help users regain control
Ordswap, a popular marketplace for Bitcoin Ordinals, has implemented a tool to assist users in recovering their private keys after losing control of its website domain. The platform has urged users who logged in via MetaMask to use this tool to retrieve their keys, allowing them to transfer to other providers.
Warning to users
On October 9, Ordswap issued a warning to its users, advising against connecting to its domain as it no longer had control over it. The blame was placed on Netlify, the website development and hosting company. It was later discovered that the website had a button that redirected users to connect their crypto wallets, potentially for phishing purposes.
Wallet drainer
One user reported that the button on the website was actually a "wallet drainer", a tool commonly used by crypto scammers. At present, Ordswap's website automatically redirects to a competing marketplace called RelayX.
User key and asset security
Ordswap claims that, so far, no user private keys or assets have been affected by the breach. However, the platform cautions that users who interacted with the site could be compromised. It is unclear if any funds or assets were stolen as a result of the attack.
Similar attacks in the industry
This incident comes after a similar attack on Balancer, an Ethereum-based market maker, which resulted in the theft of approximately $240,000 worth of funds. Balancer believes that attackers used a social engineering attack on its DNS service provider to trick users into approving a malicious contract that drained their wallets.
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