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Topic: Grand Theft Crypto: The State of Crypto-Stealing Malware & Other Techniques - page 2. (Read 337 times)

hero member
Activity: 1834
Merit: 759
A few other noticeable ways funds are being taken are through clipboard hijacking, website clones and social engineering. While it makes me positive to know we've figured out ways scammers can creep in - do you think the tech will be strong enough to avoid these?

I hate to break this to you, but none of these methods are particularly new. The tech is mostly ready for these attacks too -- anti viruses are good enough for as long as you don't do anything too stupid, script blockers can protect your browsing experience, certain add-ons can alert you from visiting phishing sites, etc. The problem is that users themselves also have a role to play, and that's usually where the point of failure lies.
newbie
Activity: 42
Merit: 0
Yeah i have heard so many cases.. but thank God i didn't  loss any coin or any money.. well now people are trying to overcome the scams  and hacking.. so increase your knowledge  about Scams..
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
I think this is a bit old, I remember reading about this a couple of months ago which mainly became popular after the Binance hack. I don't know if this is a new firm making the same estimate or not though. in any case the problem with that estimation is that they are not taking into consideration the amount that exchanges scammed themselves and called it a "hack". which is why it is so huge. many of the exchange hack cases were inside jobs or the exchange faking the hack anyways.
besides the total amount that individual users lost because of "malware", etc is so much smaller than this.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
The same tactics are used by hackers to get hold of people's login credentials and money in Banks via online Banking services. So, this is not unique to Bitcoin in any way, it was just ported to Bitcoin because people also use third party services to access their coins.

Satoshi never wanted people to access their coins via third party services, because he knew those services would be vulnerable. So, if people could run their own nodes and access their coins in the correct manner, then this would have been less of a problem.  Roll Eyes

Bitcoin is not to be blamed for the weak software that are developed by third party wallet providers and exchanges.  Angry
legendary
Activity: 3472
Merit: 10611
do you think the tech will be strong enough to avoid these?

this has nothing to do with technology it is targeting people. although there are exceptions about altcoins which in many cases they had exploits in their technology that help steal people's money but we are talking about bitcoin here so i ignore those.
the  way these thefts work is that they always target "people" and use their mistakes to rob them. for example all these malwares depend on the user installing them on their computer and letting it rob them.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
Relative to the growth of bitcoin and other cryptocurrencies will be the increase in the existence of scammers amd hackers. Scammers always look for the ways to cheat the users and take control of the funds, while hackers look for the loop holes to breach breaking securities provided to safe gaurd the funds. Both can be overcome by the user with the responsibility the user takes in keeping thyself away from scammers and hackers.
full member
Activity: 686
Merit: 125
A recent report developed by cryptocurrency intelligence firm Ciphertrace estimated losses from theft and scams in the first quarter at $356 million with additional fraud losses of $851 million totaling $1.2 billion in total loss. Alongside the report came a study recognizing how the attacks were coming seeing an increase in malware and ransomware attacks.

A few other noticeable ways funds are being taken are through clipboard hijacking, website clones and social engineering. While it makes me positive to know we've figured out ways scammers can creep in - do you think the tech will be strong enough to avoid these?

https://finance.yahoo.com/news/grand-theft-crypto-state-cryptocurrency-053700942.html
In the future yes because bitcoin is still developing and people are still learning to avoid scams and frauds. This is part of the developments where losses could be determine at early stage. However, the team to which crypto investment regard has already establishing ways to avoid this and spreading awareness especially here in the forum. Just always take time to read threads and posts that is related to crypto scams and frauds.
jr. member
Activity: 312
Merit: 1
I've seen a lot of the website clones even social media accounts but the others I wasn't too familiar with. Nothing better than a trustless system. Always be skeptical
sr. member
Activity: 574
Merit: 251
A recent report developed by cryptocurrency intelligence firm Ciphertrace estimated losses from theft and scams in the first quarter at $356 million with additional fraud losses of $851 million totaling $1.2 billion in total loss. Alongside the report came a study recognizing how the attacks were coming seeing an increase in malware and ransomware attacks.

A few other noticeable ways funds are being taken are through clipboard hijacking, website clones and social engineering. While it makes me positive to know we've figured out ways scammers can creep in - do you think the tech will be strong enough to avoid these?

https://finance.yahoo.com/news/grand-theft-crypto-state-cryptocurrency-053700942.html


feels like im a lucky person some time with all the thefts going on it never happend to me so far and i have alot of exchange acounts and wallets, but never happend so far know on wood, guess its going to happend to me to sooner or later,
jr. member
Activity: 236
Merit: 4
A recent report developed by cryptocurrency intelligence firm Ciphertrace estimated losses from theft and scams in the first quarter at $356 million with additional fraud losses of $851 million totaling $1.2 billion in total loss. Alongside the report came a study recognizing how the attacks were coming seeing an increase in malware and ransomware attacks.

A few other noticeable ways funds are being taken are through clipboard hijacking, website clones and social engineering. While it makes me positive to know we've figured out ways scammers can creep in - do you think the tech will be strong enough to avoid these?

https://finance.yahoo.com/news/grand-theft-crypto-state-cryptocurrency-053700942.html
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