Cybersecurity company Kaspersky revealed that malicious actors have devised a new scam involving seed phrases to target unsuspecting crypto users, according to a Dec. 23 blog post. This sophisticated scheme preys on individuals’ curiosity and dishonesty, leading to financial losses for unsuspecting victims. How the scam works Seed phrases, crucial for recovering access to crypto […]
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White hat organization Security Alliance (SEAL) urged users to transfer crypto funds from LastPass if their private keys had been stored there since December 2022 or earlier.
Losses to crypto phishing scams fell 53% in November, but the Christmas holiday shopping season presents new opportunities for hackers.
Cyvers and Station70’s solution uses an AI-powered real-time threat detection system to protect institutional-grade crypto transfers, aiming to bolster mass adoption.
The ongoing hack has already netted the attackers over $6 million worth of stablecoins, which have been swapped to ETH by the attacker.
Certain on-chain signs point to a potential white hat, or ethical hacker, looking for blockchain vulnerabilities.
According to Cyvers, the attacker caused malicious code to be inserted into multiple app user interfaces, allowing the exploiter to fool users into confirming transactions.