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Ordswap, a platform where users can write, bid on, and exchange Bitcoin Ordinals, has taken steps to help users regain access to their private keys in response to ongoing challenges involving their primary website domain.
On October 10, Ordswap's official account on the X platform introduced a digital tool designed to assist users who accessed the platform through MetaMask. This tool allows them to retrieve their specific Ordswap keys, facilitating their transition to alternative service providers.
Just one day earlier, on October 9, Ordswap warned its users not to connect to its primary domain due to a lack of control over it. They attributed this issue to Netlify, a company specializing in website creation and hosting services.
At the same time, concerns were raised on Ordswap's Discord platform. An Ordswap team member and other users noticed an unusual feature on the site, a button encouraging visitors to link their cryptocurrency wallet. This raised suspicion as it appeared to be a phishing tactic.
A user on the X platform expressed concerns about this feature, suggesting that the button could potentially be a tool designed to siphon funds from wallets, a tactic increasingly employed by cryptocurrency fraudsters. As a result, attempts to access the Ordswap site redirected users to RelayX, a rival marketplace.
Reassuringly, the same Ordswap team member clarified on Discord that, to their knowledge, there had been no adverse impact on users' private keys or assets following the disruption. However, the team stressed that users who engaged with the suspicious site might be at risk.
This incident is reminiscent of a similar attack that occurred the previous month when the website for Balancer, an Ethereum-based market maker, was compromised. The attackers made off with approximately $240,000 in funds. Balancer speculated that the perpetrators might have manipulated its DNS service provider, EuroDNS, enabling them to deceive users into authorizing a fraudulent contract that led to the loss of their funds.
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