• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Risks of Cybersecurity on Cryptocurrency Investors

user avatar

by Giorgi Kostiuk

2 years ago


Details on cyber-attacks against cryptocurrency investors have been shared by COINTURK for a while. Our previous predictions of increased attacks with personalized methods have come true, with the latest incident highlighting important lessons for investors.

Security Concerns in Cryptocurrency

Due to the rising value of savings, investors have become prime targets for cybercriminals. COINTURK has discussed different types of attacks, including physical and social engineering, in detail. A recent case emphasized the effectiveness of social engineering tactics in compromising a target completely.

An individual known as 0xsmartcontract shared an incident demonstrating the dangers of social engineering and warned other investors about the risks. The occurrence involved a fraudster posing as a project team member on a Discord channel, deceiving a user into changing their wallet language to Chinese, extracting private keys, and stealing $30,000 from the victim.

Threats of Physical Attacks

Revealing sensitive information about crypto assets online or offline can lead to dangerous situations. Instances of robbery targeting cryptocurrency holders have been reported in Turkey and worldwide. The presence of armed assailants poses a significant threat, as antivirus software is rendered ineffective in such scenarios. Criminals are attracted by the ease of transferring crypto internationally, resulting in theft incidents like those in 2024, including a kidnapping and cryptocurrency transfer coercion in Romania, and a robbery of Bitcoin in Thailand by a Russian gang.

In 2023, there were 17 similar cases of crypto robberies across various countries, such as Spain, Thailand, Montenegro, India, and the United Arab Emirates. Investors need to be cautious and diligent in protecting their digital assets to avoid falling victim to cyber threats.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin's Cryptography Faces Quantum Threat at ETH Denver

chest

Experts at ETH Denver discussed the vulnerabilities of Bitcoin's cryptography in a post-quantum world, highlighting risks from Shor's algorithm and potential consequences for Bitcoin ownership.

user avatarLi Weicheng

Options Market Shows Shift in Volatility Expectations

chest

Data from the Bitcoin options market indicates a notable change in volatility expectations, with traders beginning to expect less immediate volatility.

user avatarAisha Farooq

Metaplanets CEO Defends Bitcoin Purchases Amid Criticism

chest

Simon Gerovich, CEO of Metaplanets, defends the company's Bitcoin purchases and trading strategies, emphasizing transparency and countering misinformation.

user avatarMohamed Farouk

Metaplanets Reports Heavy Net Loss Despite Strong Revenue from Options

chest

Metaplanets reported a heavy net loss of approximately $680 million for fiscal 2025, despite strong revenue of $89 million from options trading.

user avatarBayarjavkhlan Ganbaatar

Bitcoin Faces Quantum Computing Discount Risk

chest

New research indicates that Bitcoin's fair value could be discounted by up to 60% by 2028 due to Quantum Computing threats.

user avatarTenzin Dorje

Retail Investors Face Billions in Losses from TRUMP and MELANIA Memecoins

chest

Retail investors have incurred over $4 billion in losses on the official TRUMP and MELANIA memecoins, which have plummeted significantly since their launch.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.