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Hackers have found another way to steal cryptocurrency from experienced investors. How do they do it?

 

In September 2024, Ledger representative Ian Rogers voiced an interesting idea. According to him, hackers steal significantly more digital assets during the bull run. The reason for this is not only the increase in the rates of popular assets, but also the relaxation of investors who are distracted by the numbers in the portfolio and forget about security. Now coin holders really find themselves in the field of view of scammers who are coming up with new ways to steal assets.

The day before, the founder of ImmuneFi Mitchell Amador commented on the topic of cryptocurrency security. He noted that today, hacking platforms from the sphere of decentralized finance can be considered a real job for hackers.

And although the total volume of stolen coins on a yearly scale is becoming smaller, scammers are still not sleeping. And now they are trying to inflict as much damage to the industry as possible, earning the maximum on the scale of the selected incident.

Hackers have found another way to steal cryptocurrency from experienced investors. How do they do it? Cryptocurrency hacker. Photo.

Cryptocurrency hacker

However, some hackers are content with small spoils. They actively use artificial intelligence to develop websites and content necessary to popularize the fraudulent applications they have developed.

How coins are stolen from crypto wallets

Experts from the security platform Cado Security Labs shared about the current trend for stealing other people’s coins. According to them, fraudsters use artificial intelligence to develop fake company websites. They also try to force employees of blockchain companies to download fake dating apps that are actually engaged in stealing information.

It involves generating and populating websites along with social media accounts that create the appearance of a popular, existing company. These are then used to contact potential victims, who are asked to install a program to communicate with new people.

How coins are stolen from crypto wallets. Cryptocurrency scammers. Photos.

Cryptocurrency scammers

The app is called Meeten, although you can now find it as Meetio. The program’s previous names include Clusee.com, Cuesee, Meeten.gg, Meeten.us, and Meetone.gg, Cointelegraph reports .

All of the listed versions of the programs have one thing in common: the application contains a built-in data hunter called Realst. Its task is to search for sensitive user data such as Telegram authorization information, bank card numbers, and cryptocurrency wallet data.

Once such combinations are detected, they are sent to the attacker, says Tara Gould, head of threat research at Cado. As analysts note, the program can also search for cookies and autofill data in Google Chrome and Microsoft Edge browsers. They also mention information about Ledger, Trezor, and Binance Wallet, although here we are most likely talking about the addresses used along with their balances.

For variety, scammers may use social engineering and so-called spoofing. For example, one user previously reported an attempt by a friend to contact them under the pretext of discussing various business opportunities. However, during the conversation, it became clear that there was another person on the other side of the screen.

Gould commented on the case and its importance.

What is worth mentioning here is that the scammer sent him an investment presentation from the victim’s company, which indicates a complex and targeted fraud scheme.

Other users reported receiving calls from strangers offering possible employment in Web3 companies. The victims then downloaded the programs and lost their coins from hot wallets, which are characterized by a constant connection to the Internet.

How coins are stolen from crypto wallets. Cryptocurrency investor. Photo.

Cryptocurrency investor

Fraudsters gain the trust of victims by creating company websites, blogs, and content created using artificial intelligence. These also include accounts on the social network X and publications on the Medium platform.

While much of the recent focus has been on the potential of artificial intelligence to develop malware, attackers are increasingly using AI to create content as part of their campaigns.

 

According to Tara Gould, the capabilities of artificial intelligence allow scammers to create realistic content to fill websites, which makes it much more difficult to notice malicious resources.

In turn, such sites not only offer to download malicious software, but also contain Javascript to steal digital assets from wallets inside web browsers. Moreover, the capabilities of the latter are used even before downloading any software.

How coins are stolen from crypto wallets. Buying cryptocurrency by investors. Photo.

Buying Cryptocurrency by Investors

And while scammers are always present in the crypto space, that doesn’t make digital assets a bad thing. However, coin hater and gold fan Peter Schiff, who is known for his criticism of crypto, certainly doesn’t think so.

The day before, he called Bitcoin a threat to national security. Here’s the line quoted by CryptoPotato .

Bitcoin has become a national security threat. It’s one thing for individuals to voluntarily spend their own money to buy Bitcoin. But it crosses the line when they bribe government officials to spend public funds to buy it. BTC is now public enemy number one.

Apparently, Schiff was commenting on the initiative to possibly create a national Bitcoin reserve in the United States. It involves buying a million coins and storing them in government wallets without moving them.


However, Peter's words regarding cryptocurrencies are hardly worth taking seriously. After all, he has repeatedly predicted the collapse of BTC before - especially after large-scale market crashes. However, in the end, Bitcoin updated its historical maximums of the rate, despite everything.

Find more interesting things in our crypto chat . We are definitely waiting for you there right now.

 

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