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Заголовок SlowMist Named 3 Key Causes of Crypto Theft
Дата 20240704

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SlowMist Named 3 Key Causes of Crypto Theft

SlowMist, a leading blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
security firm, released its 2024 Q2 MistTrack
Stolen Funds Analysis report, looking closely at cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта thefts in the
second quarter of 2024.

Based on 467 reports of stolen funds, the firm revealed three key weaknesses
led to cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта theft and explained the methods that users can utilize
to protect their funds.

Private Key Leaks Top the List

According to SlowMist , the second quarter of 2024 saw a troubling increase in
security incidents. During this time, users reported 467 cases of stolen
funds, including 321 from Chinese sources and 146 from other countries.

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The platform s team helped 18 victims lock nearly $20.66 million worth
of funds across 13 companies. Additionally, the firm discussed the main causes
of these incidents.

The most common cause of crypto theft is the mishandling of private keys.
Despite warnings, many people store their private keys in Google• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Google+ Drive and
other cloud services. Some even send this data to friends through social
networks• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети
and messengers. Hackers use credential stuffing attacks to log into
these cloud services and steal private keys.

Read more: 15 Most Common Crypto Scams To Look Out For

Another common cause of private key leaks is fake wallets. These apps often
replicate legitimate software exactly, tricking users into entering private
keys and directly transmitting them to attackers.

Despite being an old issue, many users still inadvertently click on ads
while using search engines and download fake wallet apps. Many users choose to
download applications from third-party sites due to network reasons. Although
these sites claim that their apps are mirrored from Google Play, their actual
security is questionable, read the report.

Phishing also remains a major cause of theft in the crypto industry. According
to SlowMist, about 80% of the first comments under tweets from prominent
project accounts are occupied by scam accounts .

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Read more: Crypto Social Media• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети Scams: How to Stay Safe Scam Twitter• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Х (Twitter) Accounts
for Sale. Source: SlowMist

Fake X (formerly Twitter• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Х (Twitter)) accounts that spam under posts are sold in various
Telegram• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Telegram (мессенджер) feeds. Attackers can select profiles based on the number of followers
and registration date. Most of the pages being sold are related to the crypto
industry and crypto influencers. Experts also noted that some websites sell
fake X accounts.

For example, a fake account named Optimlzm can look
almost identical to the real account Optimism . After purchasing
the highly similar account, phishing groups use promotion tools to boost the
account’s interactions and follower count, thereby increasing its
credibility, SlowMist experts noted.

Honeypot Promises Mislead Crypto Users

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The third threat identified by SlowMist is the honeypot scam. In this scheme,
fraudsters create tokens that seem promising and offer high returns, but these
tokens are programmed to be unsellable. This type of scam is particularly
rampant on decentralized exchanges like PancakeSwap .

“I asked a question in a Telegram group• Объект организация » Организации по алфавиту » Организации на Te » Telegram Group Inc., and someone enthusiastically answered
and taught me a lot. They suggested I invest in a new token in the primary
market
and provided me with a contract address on PancakeSwap . After I bought
it, the token’s value kept rising. They told me it was a once-in-six-months
golden opportunity and urged me to invest more. When I asked others in the
group to help investigate, I discovered it was indeed a honeypot token. I
could buy but not sell it,” one victim shared with SlowMist.

Read more: Top 9 Safest Crypto Exchanges in 2024

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Honeypot Token Contract. Source: SlowMist

To reduce these risks, SlowMist stresses the need for strong security
practices. They recommend using blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
explorers like Etherscan or
BscScan, which offer insights through audit trails and user comments, and
browser extensions like Scam Sniffer, which can detect and alert users about
potential phishing sites.

The findings of this report highlight the ongoing vulnerabilities and
underline the need for proactive security measures by all participants of the
ecosystem.

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============= Объекты: организации Telegram Group Inc. сетевые Google+ сетевые_сообщества Х (Twitter)

============= Связи: Telegram (мессенджер) # ассоциации # Telegram Group Inc. Криптовалюта # ассоциации # Блокчейн


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