marry 23.09.2024, 12:00 PM
Crypto exchange Binance has warned cryptocurrency owners about malware that changes wallet addresses during transactions, which can lead to significant losses.
“We have identified a global malware issue that significantly affects cryptocurrency transactions by altering withdrawal addresses during the transaction process,” it said. warning.
“This type of malware, often referred to as ‘Clipper malware’, intercepts clipboard data, primarily targeting cryptocurrency wallet addresses. When a user copies and pastes a wallet address to transfer cryptocurrency, the malware replaces the original address with the one specified by the attacker. If the user completes the transfer without noticing the change, the cryptocurrency is sent to the attacker’s wallet, resulting in a financial loss.”
The malware is distributed through unofficial apps and plugins, and Binance is warning Android and PC users to be extra careful. While iOS users are less affected, Binance warns that they should also be careful.
“Many users inadvertently install these malicious applications while searching for software in their native languages or through unofficial channels, often due to restrictions in their countries,” the warning added.
Binance combats this issue through notifications, incident reporting, constant monitoring and blacklisting of suspicious addresses. However, a certain responsibility is also on the users who, according to the recommendations of the stock exchange, should verify the addresses, check the authenticity of the applications and plugins for managing the cryptocurrency that they use and install software only from trusted sources. One of the recommendations is to make a screenshot of the address immediately before sending the payment and for the recipient to check it on the photo. Also, it is advisable to install a reputable security solution that can block malware attacks.
Crypto scams have become more frequent and sophisticated in recent years. The latest FBI report on cryptocurrency fraud reveals a staggering $5.6 billion in cryptocurrency losses in 2023, a 45% jump from the previous year. That jump was mainly caused by fake applications and “pig butchering” scams.
Although research shows that when it comes to cybercrime, Internet users are most concerned about the theft of money, practice shows that people generally avoid taking even simple steps that could help them protect themselves from fraud.
Photo: RDNE Stock project | Pexels
Source: www.informacija.rs
