As a seasoned researcher with years of experience in the digital world and a special interest in cryptocurrencies, I’ve seen my fair share of cyberattacks. The recent news about the malware targeting Binance (BNB) users is a stark reminder that even the largest exchanges are not immune to such threats.
According to the official statement from Binance, some malicious programs are changing the withdrawal addresses for BNB users. The security team at Binance is working to block and report any suspicious addresses, but it’s crucial for traders to exercise extreme caution when copying wallet information to avoid potential issues.
Massive malware attack: Binance (BNB) official statement
Starting from August 2024, Binance (BNB) users have encountered advanced fraudulent software that manipulates cryptocurrency withdrawal addresses in users’ digital wallets. Once a user copies the public address for a crypto wallet they intend to withdraw funds to, this malware switches it with the scammers’ wallet address.
We’ve identified a global malware issue that alters withdrawal addresses during the transaction process.
Be cautious of plugins and apps you’ve installed, especially on Android and web apps, and stay alert on iOS too.
Our Binance security team is on top of this issue and…
— Binance (@binance) September 14, 2024
If a user finishes the transaction unaware of any alterations, the digital currency gets sent to the hacker’s wallet, which could lead to a monetary loss with no possibility of reimbursement.
According to Binance (BNB) researchers, it’s common for the malware to spread via unauthorized applications and add-ons, particularly in the realm of Android and web-based software.
A significant number of people are downloading harmful applications when looking for software in their own languages or via unauthorized sources, as a means to bypass legal limitations within their specific regions.
Security experts at Binance (BNB) have taken several steps to counteract the impact of a malware attack. They are flagging questionable accounts, alerting authorities about fraudsters, and sending warnings to customers who might be involved.
Beware: Pig butchering schemes are already there
Once more, the platform advises users to authenticate the legitimacy of applications and web browser add-ons before installation, and always confirm the precise destination where cryptocurrency is being withdrawn.
To ensure your wallet addresses remain unchanged during a withdrawal, Binance (BNB) advises you to snap a photo of your wallet details prior to confirming the transaction.
Below the post about the recent announcement, there’s a deceitful scheme unfolding in the comments. These con artists have fabricated a website that falsely claims it assists victims dealing with altered withdrawal requests. By using Binance (BNB) logos and symbols, they trick users into “revoking approvals,” which gives them control over the user’s in-browser wallets.
In simpler terms, it’s important to clarify that Binance, being a centralized exchange, doesn’t handle smart contract approvals. The “cancel Binance approval” movement is often a deceptive tactic, similar to pig butchering, and is typically aimed at those who have already been tricked into scams.
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2024-09-14 13:50