Ethereum

ERC20

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-beware-surge-in-crypto-phishing-scams/" data-wpel-link="internal">Investors Beware: Surge in Crypto Phishing Scams</a> 
<a href="https://coin-turk.com/efsane-yatirimci-altcoinler-icin-tarih-vererek-mujdeyi-verdi-bitcoin-gunes-doguyor" data-wpel-link="internal">Crypto world</a> phishing attacks continue to inflict significant financial losses on users. Recent data indicates that an estimated 97,000 people fell victim to such incidents in just the first two months of this year, with tens of millions of dollars stolen. 
<h2 style="text-align: justify" id="strong-the-104-million-crypto-heist-strong">The $104 Million Crypto Heist</h2> 
According to security firm Scam Sniffer, cybercriminals targeting users’ assets have caused a staggering $104 million in damages through crypto phishing attacks in the first two months of the year. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-325638" src="https://coin-turk.com/wp-content/uploads/2024/03/Kripto-Para-Oltalama-Saldirilari.jpeg" alt="" width="1280" height="720"> 
<a href="https://coin-turk.com/net-soru-net-cevap-yarin-ethereum-balinalari-satis-yapacak-mi-eth-fiyati-duser-mi" data-wpel-link="internal">Ethereum</a> users, with a total of $78 million stolen from assets like <a href="https://en.coin-turk.com/big-players-on-stage-1-billion-worth-of-ethereum-eth-transferred/" data-wpel-link="internal">ETH</a> and ERC20 tokens, were particularly vulnerable, making up the majority of the losses. The primary method used by cybercriminals was to deceive victims into signing malicious phishing signatures such as “ERC20 Permit” and “increaseAllowance,” which gave unauthorized access to the users’ funds without their knowledge. 
One concerning aspect of phishing attacks is the potential for a single malicious signature to lead to significant losses. Victims unwittingly give cybercriminals access to all the assets stored in their wallets, thereby amplifying the financial impact of these incidents. 
<h2 style="text-align: justify" id="strong-beware-of-social-media-platforms-strong">Beware of Social Media Platforms</h2> 
Scam Sniffer’s analysis underscores the tactics used by cybercriminals to lure victims to phishing sites, particularly highlighting deceptive comments on social media platforms, including platform X. Hackers impersonating legitimate accounts publish comments that direct users to malicious sites where their assets are at risk, exploiting the trust of unsuspecting individuals. 
Scam Sniffer sheds light on the prevalence of this tactic in the latest phishing attempts targeting crypto users, stating, “Most victims were drawn to phishing websites through phishing comments from fake X accounts.” 
Phishing attacks prevalence underscores the importance of users being vigilant and taking strong security measures to protect their assets in the crypto world. Implementing best practices such as verifying the authenticity of websites and avoiding suspicious links can reduce the risk of falling victim to phishing attacks. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-beware-surge-in-crypto-phishing-scams/" data-wpel-link="internal">Investors Beware: Surge in Crypto Phishing Scams</a></h5>

Investors Beware: Surge in Crypto Phishing Scams

Table of Contents

COINTURK NEWS

Other articles published on Mar 11, 2024

Filecoin Surges 99% On AI Narrative, While FILLiquid Announces Final Week of Free Incentivized Te...

Top Reasons Why Chainlink (LINK) Is Trending Today?

Bitcoin’s Potential Ascent to $170,000 Predicted by Market Analyst

Above $3.5M Raised – BlockDAG Presale Out Does NFT Crypto Coins: Solana And Ethereum

What's Going On With Grayscale And iShares Bitcoin ETFs?

Significant Transfers and Upcoming Unlock Event Stir Interest in Arbitrum Token

Join our free newsletter for daily crypto updates!