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Shell Protocol’s account was promoting fake airdrops and seemed to be controlled by bad actors.
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The hack of Shell Protocol was confirmed once hackers started posting tweets of airdrops which appeared to be a scam.
Crypto hacks are becoming quite common nowadays, and from the point of view of bad actors, it is one of the most popular ways to become richer in a short duration.
According to the Twitter post of Alex Svanevik, the Chief Executive Officer of Nansen, bad actors breached the PleasrDAO account and took control of it on July 19, 2023.
As per other market and on-chain watchers, the bad actors have also hacked the account of Shell Protocol. However, the PleasrDAO account has not been creating posts very often,due to which there is limited information available on how hackers are using its account to perpetrate attacks.
The hack of Shell Protocol was confirmed once hackers started posting tweets of airdrops, which appeared to be
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