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OpenClaw GitHub phishing scam uses fake $5,000 token airdrops gain wallet access

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OpenClaw GitHub phishing scam uses fake $5,000 token airdrops gain wallet access

OpenClaw developers on GitHub, a platform for collaboration and version control, are being targeted in a phishing campaign using fake token giveaways to lure victims into connecting crypto wallets that can then be drained.

The attackers created bogus GitHub accounts and tagged developers in issue threads, claiming they had been selected to receive roughly $5,000 worth of CLAW tokens, Tel Aviv-based cybersecurity company OX Security said in a blog post on Wednesday.

The attackers’ posts link to a near-identical clone of the OpenClaw website, but with a key addition: a prompt to connect a crypto wallet. Once a wallet is connected, malicious code can trigger transactions or approvals that allow attackers to siphon funds. The phishing page supports major wallets including MetaMask, WalletConnect and Trust Wallet, widening the potential impact, OX said.

The campaign highlights an increasingly common attack vector in crypto: social engineering paired with wallet connection requests, often disguised as airdrops or developer rewards. By targeting GitHub users who interacted with OpenClaw-related repositories, the attackers made the outreach appear more credible.

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OpenClaw is an open-source AI agent framework and developer tool that has recently attracted attention, and controversy, over crypto-related scams exploiting its name.

Peter Steinberger, the founder of OpenClaw, said last month he was about to delete the entire codebase because of crypto. “I didn’t know that they’re not just good at harassment, they are also really good at using scripts and tools.”

His statement followed a blanket ban he imposed on any mention of crypto, including bitcoin , in the project’s Discord after scammers in January hijacked OpenClaw’s old accounts. The hackers promoted a fake CLAWD token that briefly hit a $16 million market cap before collapsing after Steinberger When Steinberger publicly denied any involvement.

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Crypto World

Bybit Launches Yield Product For Tokenized Gold (XAUT)

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Bybit Launches Yield Product For Tokenized Gold (XAUT)

Cryptocurrency exchange Bybit has launched a yield-bearing tokenized gold product that lets users earn interest on Tether Gold (XAUT), the latest entrant into a broader push to turn traditionally non-yielding assets into income-generating instruments.

The product is designed to convert tokenized gold — typically a passive store of value — into a yield-bearing asset using XAUT, the largest tokenized gold product, the company announced Thursday. It allows holders to earn passive income while maintaining exposure to gold prices.

The market cap of Tether Gold reached nearly $3 billion earlier this month. Source: CoinMarketCap

Bybit said the offering is part of its broader expansion into tokenized real-world assets (RWAs), as it moves beyond traditional crypto trading products.

While earning yield on tokenized assets is not new, extending the model to gold is gaining traction across the industry, highlighting efforts to further financialize real-world assets on blockchain rails.

Earlier this week, tokenization platform Theo unveiled a $100 million structured investment facility backing its gold-linked, yield-bearing stablecoin, thUSD. The model involves purchasing tokenized gold while hedging price risk by shorting gold futures, aiming to generate returns from financing and derivatives market spreads rather than outright price moves.

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Related: Tether expands support for USDT, Tether Gold in Opera’s MiniPay wallet

Gold sees extreme volatility after hitting record highs

After an historic rally that pushed gold prices above $5,500 per troy ounce, the yellow metal has experienced sharp volatility in recent months, reflecting a shifting macro backdrop.

Although gold is widely viewed as a hedge against risk, particularly during geopolitical shocks such as $100-a-barrel oil and the ongoing Iran war, prices have fallen by roughly $1,000 from their peak. The decline comes as investors dial back expectations for Federal Reserve rate cuts, while rising real yields and a stronger US dollar weigh on the metal.

Analysts also point to crowded positioning. In January, as bullion was nearing its peak, Bank of America’s global fund manager survey identified long gold as the most crowded trade in markets.

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Spot gold prices. Source: Bloomberg

Gold’s premium relative to its long-term trend also reached its highest level since 1980, according to Bloomberg.

Nevertheless, tokenized commodities continue to gain traction. Cointelegraph reported that the market surpassed $6 billion in February, driven largely by gold’s historic rally.

Related: Tokenized gold drives weekend price signals while CME futures are closed