7 ways cybercriminals steal Crypto currency
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The threat of phishing attacks in the cryptocurrency domain is significant and ever-evolving. The report by Check Point Research warns the cryptocurrency community about the growing trend of sophisticated phishing attacks. These attacks are prevalent across numerous platforms including Ethereum, Binance Smart Chain, Polygon, and Avalanche. The report emphasizes the need for collective efforts towards building a secure environment for digital assets. Here are 10 common techniques used by hackers: deceptive campaigns and fake websites, mimicking legitimate websites, wallet connection requests, interaction with malicious smart contracts, exploiting the ‘Permit’ function in ERC-20 tokens, stealthy asset transfer and obfuscation, and the lack of blockchain trace in some cases.
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