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Market News

Renzo Discord Hacked by Scammers Promising Rewards

Written By:
Dishita Malvania

Reviewed By:
Dhara Chavda

Last updated: July 22, 2024 6:45 PM
Published July 22, 2024 4:59 PM
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Last updated: July 22, 2024 6:45 PM
Published July 22, 2024 4:59 PM
Renzo Discord Hacked by Scammers Promoting Fake Tokens

The Renzo Discord server has been compromised by malicious actors. Users are warned to avoid all messages and links from server admins as they are potentially dangerous. 

Until further notice, users are advised to consider all communication within the server potentially harmful. The Renzo team is working diligently to secure the platform and appreciates the community’s patience.

Image Source: ZachXBT Telegram 

The renowned blockchain investigator ZachXBT was the first to identify the breach. ZachXBT quickly alerted the community on their Telegram channel, warning about a phishing link circulating within the Renzo server. This link falsely claimed to offer retroactive rewards for users’ loyalty.

According to the message from the scammer, Renzo had announced the beginning of the Renzo claims today. This initiative aimed to reward holders of $REZ and positions containing $REZ and $ozETH with retroactive rewards for their loyalty. The announcement also extended an invitation to community members without holdings, welcoming everyone to sign up using their wallets to be part of the official distribution list. At the end posted a phishing link to scam every user that clicks the link.

The Renzo team is investigating the breach and working to restore the security of their Discord server. Community members are advised to stay vigilant and await further updates from official Renzo channels.

Also Read: WazirX Suspends Trading After $230 Million Cyberattack

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
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Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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