Summary:
Mars Labs LLC - metaverse game platform builder with $MRST token - had been involved in an scam activity, where the scammers impersonated the official listing mangers using verifiable but hacked Telegram accounts, which caused $1M USDT worth of MRST to be taken away and subsequently was dumped via OKX DEX on 7th December 2022.
We can not be certain how the scammers got a hold of the Kucoin official accounts but here are some examples of Telegram account takeover hacking: https://www.secureverifyconnect.info/telegram-takeover https://medium.com/immunefi/how-not-to-get-hacked-on-telegram-2db2b93a5fa2
How it happened
Listing manager contacted us via Telegram DM claiming that she was Yu****, listing manager of Kucoin, who we had other Kucoin managers verified the account for us, as well as via Kucoin’s official verification system: https://www.kucoin.com/cert?lang=en_US
Actual account name and personal name has been blurred to prevent any possibility of further scam.
The same account can still be verified on Kucoin’s official website (https://www.kucoin.com/cert?lang=en_US). Actual account name has been blurred to prevent any possibility of further scam.
Shown below is a part of the conversation downloaded from Telegram. Some details containing sensitive information have been blurred. The scammer’s accounts have since been deleted.
Then for further verification we asked: