Crypto is growing everyday and as such more and more people are getting into the space. As more people join we will have more thieves or scammers turning their heads towards this space. What to do? Try to educate ourselves so we can better protect our wallets from these people.
Attacks in the cryptocurrency space have become more frequent over the past months. Every day we hear of a phishing attack where a user’s crypto is either stolen in whole quantity or some amount of crypto is stolen. Sometimes only one type of crypto is stolen.
Cryptocurrency attacks were uncommon in the past because a lot of people didn’t have great knowledge about it, as the knowledge in crypto continues to expand people or should I say bad people have begun to find new ways of ripping people off their crypto. It’s no longer your keys your crypto. Well, technically it is cause no central exchange can have a hold of your cryptocurrency and do what ever shit they wanna do with it. The thing is with decentralized wallets the crypto is yours but they are still at high risk.
I say they are at high-risk cause eventually they can be stolen. Scammers have found new ways of stealing and as we continue to expand in the world to crypto I fear there will be new ways out soon.
Phishing Attacks In The Crypto Space
Ever heard of ice phishing? I bet you’ve heard of phishing attacks in the space. Well, phishing attacks basically stands for fraudulent emails or text or sites used to trick people into believing that they are legit. With fraudulent sites, the hackers make a site which looks exactly like the one you’ve been using for years. As soon as you begin to interact with it, it feels like the site you’ve been using and then the moment you confirm your details you’re sipped off.
I’ve had an experience with such a site before. It was a site that rewarded you with trx on an hourly base. You register with your TronLink and well the registration was not that much of a big deal. They allow you to register with your trx and well unknowingly the site is allowed to be able to transfer funds in and out of your TronLink without your permission cause you’ve granted the site that permission.
It ended up draining some amount of USDT I had in the TronLink account.
Ice Phishing And Web 2.0
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Ice phishing is a different type of theft but similar to the rest. With ice phishing, scammers make use of the Web 2.0 apps to scam you. Apps like Twitter and Discord are their main places to use. What happens here is they try and get a hold of popular or trusted Web 2(Twitter and Discord) accounts of crypto projects. After getting a hold of them they drop an airdrop link for users. As soon as you click on the airdrop you are asked to allow your metamask permission to interact with the sites.
As soon as you grant permission your wallet is drained. This has gained a lot of popularity over the past months. We saw this happen a couple of weeks ago with the Leo Discord. Fortunately for us not a lot of people had their funds stolen. Any user who wanted to talk or warn others was kicked out and banned from the community(I was a victim).
Apart from the Leo discord, many other Twitter handles have been hacked before. As soon as they do this they drop an airdrop link which users will always end up falling victim to.
There was this other time that popular accounts like the US president, bills gates had their twitter accounts hacked. The scammer posted a wallet address where he told users to send an amount of crypto so they could qualify for an airdrop. I don’t really know how many people fell for it but am sure people fell for it.
As I said. Ice phishing is very common these days and as such we should be very careful with the type of airdrops we follow these days. A legit-looking airdrop could look like a scam. Stay safe out there.
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