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13/05/19 09:23 UTC-4

Binance reported on 7 popular methods of cryptocurrency theft and how to protect against them

Binance employees showed 7 ways to steal a cryptocurrency and how to protect against them
Binance employees showed 7 ways to steal a cryptocurrency and how to protect against them

On May 13, the Binance International Cryptocurrency Exchange published the results of a study of the seven most popular cryptocurrency theft methods. The report about the results of the research was commented by CEO of the exchanger, Changpeng Zhao.

 

7 ways to steal a cryptocurrency

The Binance report outlined the seven most common ways to steal cryptocurrency assets from a portable or mobile wallet. The researchers clarified that people spend most of their time with their smartphones and other gadgets, so cybercriminals paid attention to them.

Interesting in the section: Binance Coin, as additional tool

A separate item, the researchers identified fake cryptocurrency exchange applications. As you know, the most popular example of a fake application is the Poloniex application. At the beginning of 2018, fraudsters, thanks to him, were able to steal more than 8 million US dollars.

In addition, Binance researchers noted frequent incidents with fake cryptocurrency wallet applications, told about fake encryption applications (cryptojack), free portable miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
applications, as well as Clippers and fake sim-cards.

"Cybercriminals (...) will continue to look for ways to exploit vulnerabilities. Protection of your mobile devices is no longer mandatory. It has become a necessity. Stay safe." – from "Conclusion" by Binance.

Binance CEO, Changpen Zhao, presented the results of the research by publishing a message with an annotation on Twitter.

Binance spoke about seven popular methods of cryptocurrency theft and how to protect against them. Recall that a few days ago, the exchange fell victim to hacker attacks, 7000 Bitcoins were stolen from the exchanger.

Editor: Jerg Wos

See also: "Dash launches a new investment fund"

#Binance #hackers #scammers #miningapplications #Changpeng Zhao #exchange #cryptocurrency

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