HOW HACKERS STEAL CRYPTO MONEY

in Project HOPE3 months ago

Cryptocurrency offers privacy and security. Is that true? In the creation of cryptocurrency , the developers create the system as the privacy and security protectors , however, there are some sides that hackers can enter and steal crypto holders either from personal wallet or exchangers wallet.

Let's know how hackers steal cryptocurrency holders. Have you realized that issues?

Slack bot

It operates on slack social network. In the early 2017, many ICO had account in slack. They made communication channel in slack to investors and bounty hunters. Slack bot sent message to email users to click phisink link with duplicate sites and notification.
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https://cointelegraph.com/news/six-tools-used-by-hackers-to-steal-cryptocurrency-how-to-protect-wallets

Dusting attack

A dusting attack refers to a relatively new kind of malicious activity where hackers and scammers try and break the privacy of Bitcoin and cryptocurrency users by sending tiny amounts of coins to their personal wallets.
https://academy.binance.com/security/what-is-a-dusting-attack

Hackers will track your wallet with small amount of UTXO (unspent transaction output). They will track wallet to find respectable wallet with identity connection like KYC. After knowing the KYC and wallet identity, hackers may act to next steps like phising email, do cryptojacking with sending malware.

Cryptojacking

Cryptojacking is an emerging form of malware that hides on your device and steals its computing resources in order to mine for valuable online currencies like Bitcoin.
Malwarebytes.com/cryptojacking

Hackers plant malwares on your pc and copy your activites on clipboard so the malware can steal your seed and wallet pasword.

Cloning and phising

Hackers create cloning sites that is similar to the true site for example myetherwallet.com there are some cloning site use the similar name myeetherwallet.com. Then when hackers get wallet holder email, they will send spam with phising links to cloning sites, they offer free crypto money or send vulnarability of wallet security. They asked wallet holders to enter seed or private key to cloning site, when it is done, the hackers get the private key and seed.

HOW TO PREVENT?

These few tips may prevent from stolen asset of your crypto money.

  1. Use separate browser to make transaction
    I think BRAVE browser is good in alerting the security problem for cryto users.
  2. Don't participate in free crypto gift sites.
    There are many crypto free gifts have full of ads. The ads may contain malware once you open the site. After the malware injected to your PC, your crypto money is in danger.
  3. Use bookmark on your browser
    This is to avoid you are trapped in cloning sites.
  4. Install wallet in your PC or browser.
    Before you enter the seed make sure that your pc is secure from malware.
  5. Use File wallet
    Like in ethereum wallet, there is a JSON file to be uploaded before you enter the pasword. Without file , your wallet can not be broken by hackers.

Those are few tips, do you have more ideas to secure your wallet and crypto asset? You can share in the comment section.

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So many venue many scammers are now using in stealing one scrylto funds in the crypto world and I think one needs to be extremely careful nowadays most especially with the continuous increase in the high rate of scammers

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