Binance Alerts Users to New Crypto Malware Threat
Binance has issued a global alert about an emerging threat known as “Clipper malware.” This malicious software is designed to intercept and alter wallet addresses during transactions, leading to potential financial losses.
It works by replacing a user’s copied wallet address with one controlled by the attackers, causing funds to be transferred to the wrong account without the user’s knowledge.
Since August 27, 2024, Binance has observed a surge in these attacks, primarily targeting Android users, although iOS users are also at risk. The malware often spreads through unofficial apps and plugins from unverified sources, particularly when users search for software in local languages.
Binance has responded by blacklisting suspicious addresses, alerting affected users, and closely monitoring for further risks. Users are advised to carefully verify withdrawal addresses and consider taking screenshots of addresses to cross-check with the intended recipient to avoid falling victim to the malware.
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The exchange also emphasized the need for users to verify the authenticity of apps and plugins and to use reliable security software.
Market experts identify Clipper malware as a variant of address poisoning attacks, which have previously resulted in significant thefts, such as the $70 million loss in wrapped Bitcoin (WBTC) earlier this year.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
