Alert/Beware – Arbitrum – Fxstreet.com has a Fake Arbitrum Addresses listed on the blog – Please read (Phishing Alert)

• Fake Phishing Address and tweet is listed on FX Street blog – Arbitrum Buyers
• This content is no way to harm any reputation or point fingers. FXstreet.com is a reputable outlet and due to the high web traffic involved we wrote a quick content for maximum reach. We are reaching out directly to them and also report the scammy twitter page.

If you are fan of FXstreet, please do not buy or transact Arbiturnm with the address listed for Arbiturn on the published article on Arbiturm with subject line “Coinbase to list Arbitrum with experimental label, warns users to send ARB only over Ethereum network“. Screenshot flow below for your reference and series of events listed below :

1. When we tried to click on the Twitter link to Buy Arbiturm, the page took us directly to the pancakeswap page with a Fake contract address and the transaction can be seen in this address https://bscscan.com/address/0xC7Ecf9dc57076eFEa7009a24c7155968CbEB7500
2. The Twitter link appears to have removed as well but the hyperlink to fake address still exists which can misguide the user

2. When link the page above is clicked , user is taken to pancakeswap with fake contract. Screenshot below for your reference.

3. Screenshot showing the fake contract address of Arbiturm. Unless the user checks and visits this page or verifies the contract, user will fall for this scam. It is labelled as fake token. Screenshot below.

Link to the contract – https://bscscan.com/address/0xC7Ecf9dc57076eFEa7009a24c7155968CbEB7500

4. Blog article from where all this started. https://www.fxstreet.com/cryptocurrencies/news/coinbase-to-list-arbitrum-with-experimental-label-warns-users-to-send-arb-only-over-ethereum-network-202303222339

Conclusion :

Phishing/ Fake urls / Contracts are a growing concern and we recommend everyone to be vigilant when performing Defi transactions or while visiting any crypto exchange sites or while performing any crypto transactions.

We will publish a security focussed content soon on the best practices !

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