Warning issued for possible attacks on Bitcoin owners
The FBI has issued a warning about possible attacks on Bitcoin owners and the associated crypto exchanges.
The FBI, the US Federal Bureau of Investigation, issued a warning this week for the entire crypto market. They warn against possible attacks on exchanges and crypto holders, such as those of Bitcoin. The institution states that there are threats that actively track virtual asset platforms. This is to get hold of these assets, leading to financial losses in the process. Sims switching, account theft, and technical support personnel are the means used to carry out these attacks.
Warning attacks Bitcoin owners
The price of the cryptos is already bad, but it is even worse if you also lose your digital coins due to such an attack. The FBI recently warned of impending attacks on cryptocurrency exchanges and holders. The warning was passed through the TLP protocol. The purpose of this is to disseminate desired information among certain groups. It was given the green designation, meaning the FBI is allowing peers and partner organizations in the crypto community to share this information. The message has been sent to the entire branch with the message to watch out!
The US security service says there are groups active that track vulnerabilities in the crypto companies in order to take advantage of this. To do this, these criminals use various techniques such as SIM swapping, technical support fraud and account stealing. The FBI’s warning also includes some tips for avoiding an attack and keeping their assets safe: keep an eye on incoming emails and check accounts for unusual movements. If something remarkable is found, this must be reported to the institution.
Appearance
Of course, the advice comes from the institution that cryptocurrency holders should always use two-factor authentication and be aware of the information they share on social media. However, it is very difficult to prevent sim swap attacks.
Sim swap attacks are difficult to tackle as they are relatively easy to complete. The attacker simply needs to get hold of the potential victim’s phone number. Then the criminals move on, fooling the technical reps into believing that the affected person has lost or damaged the SIM card. This prompts them to provide a new SIM card to the attacker. The telephone company also plays a role, where the criminals often have contacts. The attacker uses this contact to get a new SIM card with the potential victim’s number. Once this is all done, they can drain your account.
So be alert this week if you are on your crypto account!
