Home » Business » Methods for Stealing Digital Assets: Fake Apps, Clipboard Spoofing, and Liquidity Scams – Bitrace Report

Methods for Stealing Digital Assets: Fake Apps, Clipboard Spoofing, and Liquidity Scams – Bitrace Report

Cybercriminals most commonly use three methods to steal digital assets: fake apps, clipboard address spoofing, and liquidity scams. Analysts reported this Bitrace.

In the case of fake crypto apps, hackers promote them in search results to outrank legitimate programs. They gain access to wallets through built-in backdoors.

Fake applications, along with certain malware, can change the recipient’s address copied to the clipboard to the attacker’s account during transactions.

In the liquidity scam, victims are promised a steady income after topping up their wallet with a certain amount. In reality, the malware embedded in the smart contract code gives the hacker permission to withdraw user funds.

Experts recommended caution when investing in cryptocurrencies, and in case of theft, use analytics tools to track funds.

Previously, Bitrace found that over two years, more than 3.4 billion USDT were received into over-the-counter wallets on the Tron network, of which 54.2% were associated with high-risk transactions.

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2023-10-30 10:15:28
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