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In the fall of 2021, cryptocurrency value skyrocketed. Ethereum and Bitcoin had their highest values ever, causing a huge stir in interest in online currencies from experts, hobbyists and newbies alike … and in cybercriminals seeking huge paydays. Since then, cryptocurrency value has cooled, as has the public’s opinion about whether it’s worth the risk. Huge cryptohacking events dominate the headlines, leaving us to wonder: Is cryptocurrency losing its credibility?
In this article, you’ll learn about recent unfortunate crypto hacks and a few cryptocurrency security tips to help you avoid a similar misfortune.
A crypto wallet is the software or the physical device that stores the public and private keys to your cryptocurrency. A public key is the string of letters and numbers that people swap with each other in crypto transactions. It’s ok to share a public key with someone you trust. Your private key, however, must remain private — think of it like the password that secures your online bank account. Just like your actual wallet, if it falls into the wrong hands, you can lose a lot of money.
A malware called Mars Stealer infiltrated several crypto wallet browser extensions, including the popular MetaMask. The malware stole private keys and then erased its tracks to mask that it had ever gained entry to the wallet.1
One way to completely avoid a breach to your software crypto wallet is to opt for a hardware wallet. A hardware wallet is a physical device that can only be opened with a PIN. But there is some risk involved with a hardware wallet: if you drop it down the drain, all your crypto is gone. If you forget your wallet PIN, there is no customer service chatbot that can help you remember it. You are solely responsible for keeping track of it. For those who are confident in their hardware’s hiding spot and their personal organizational skills, they can benefit from its added security.
For anyone less sure of their ability to keep track of a hardware wallet, a software wallet is a fine alternative, though always been on alert of software wallet hacks. Keep an eye on crypto news and be ready to secure your software at a moment’s notice. Measures include un-downloading browser extensions, changing passwords, or transferring your crypto assets to another software wallet.
In the case of the Mars Stealer malware that affected MetaMask, being careful about visiting secure sites and only clicking on trustworthy links could’ve helped prevent it. Mars Stealer made its way onto people’s devices after they clicked on an infected link or visited a risky website. Stick to websites you know you can trust and consider springing for well-known streaming services and paying for software instead of torrenting from free sources.
Cryptocurrency enthusiasts often spread their crypto investments across various currency types and blockchain environments. Software known as a bridge can link numerous accounts and types, making it easier to send currency.
The cross-chain bridge Horizon experienced was on its Harmony blockchain, where a hacker stole about $100 million in Ethereum and tokens. The hacker stole two private keys, with which they could then validate this huge transaction into their own wallet. To hopefully prevent this from happening in the future, Horizon now requires more than just two validators.2
According to one report, in 2022, 69% of all cryptocurrency losses have occurred in bridge attacks.3 If you exchange cryptocurrencies with other users and have various accounts, it’s almost inevitable that you’ll use bridge software. To keep your assets safe, make sure to extensively research any bridge before trusting it. Take a look at their security protocols and how they’ve responded to past breaches, if applicable.
In the case of Horizon, the stolen private keys were encrypted with a passphrase and with a key management service, which follows best practices. Make sure that you always defend your private keys and all your cryptocurrency-related accounts with multi-factor authentication. Even though it may not 100% protect your assets, it’ll foil a less persistent cybercriminal.
Phishing attacks on bridge companies in conjunction with software hacks are also common. In this scenario, there’s unfortunately not much you can control. What you can control is how quickly and completely you respond to the cybercrime event. Remove the bridge software from your devices, transfer all your assets to a hardware wallet, and await further instructions from the bridge company on how to proceed.
Decentralized finance, or DeFi, is now one of the riskiest aspects of cryptocurrency. DeFi is a system without governing bodies. Some crypto traders like the anonymity and autonomy of being able to make transactions without a bank or institution tracking their assets. The drawback is that the code used in smart contracts isn’t bulletproof and has been at the center of several costly cybercrimes. Smart contracts are agreed upon by crypto buyers and sellers, and they contain code that programs crypto to perform certain financial transactions.
Three multi-million-dollar heists – Wormhole, Beanstalk Farms and Ronin bridge – occurred in quick succession, and smart contracts were at the center of each.4 In the case of Wormhole, a cybercriminal minted 120,000 in one currency and then traded them for Ethereum without putting up the necessary collateral. In the end, the hacker cashed out with $320 million. Beanstalk Farms lost $182 million when a hacker discovered a loophole in the stablecoin’s flash loan smart contract. Axie Infinity’s Ronin bridge was hit for $625 million when a hacker took control over and signed five of the nine validator nodes through a smart contract hole.4
To be safe, conduct all crypto transactions on well-known and trustworthy software, applications, bridges, and wallets that are backed by a governing body. What you lose in anonymity you gain in security by way of regulated protocols. Hackers are targeting smart contracts because they do not have to depend on large-scale phishing schemes to get the information they need. Instead, they can infiltrate the code themselves and steal assets from the smartest and most careful crypto users. Because there’s almost no way you can predict the next smart contract hack, the best path forward is to always remain on your toes and be ready to react should one occur.
Don’t let these costly hacks be what stops you from exploring crypto! Crypto is great as a side hustle if you’re committed to security and are strategic in your investments. Make sure you follow the best practices outlined and arm all your devices (mobile included!) with top-notch security, such as antivirus software, a VPN, and a password manager, all of which are included in McAfee +.
Privacy, excellent security habits, and an eagle eye can help you enjoy the most out of cryptocurrency and sidestep its costly pitfalls. Now, go forth confidently and prosper in the crypto realm!
1Cointelegraph, “Hodlers, beware! New malware targets MetaMask and 40 other crypto wallets”
2Halborn, “Explained: The Harmony Horizon Bridge Hack”
3Chainalysis, “Vulnerabilities in Cross-chain Bridge Protocols Emerge as Top Security Risk”
4Protocol, “Crypto is crumbling, and DeFi hacks are getting worse”
5Cointelegraph, “Beanstalk Farms loses $182M in DeFi governance exploit”
The post Cryptohacking: Is Cryptocurrency Losing Its Credibility? appeared first on McAfee Blog.
Imagine – your favorite brand on Instagram just announced a giveaway. You’ll receive a free gift! All you have to do is provide your credit card information. Sounds easy, right? This is a brand you’ve followed and trusted for a while now. You’ve engaged with them and even purchased some of their items. The link comes directly from their official page, so you don’t think to question it. Don’t fall prey to crypto scams, download reputable mobile security protection.
This is the same mindset that led to several Bored Ape Yacht Club (BAYC) NFTs being stolen by a cybercriminal who had hacked into the company’s official Instagram account. Let’s dive into the details of this scam.
Bored Ape Yacht Club, the NFT collection, disclosed through Twitter that their Instagram account had been hacked, and advised users not to click on any links or link their crypto wallets to anything. The hacker managed to log into the account and post a phishing link promoting an “airdrop,” or a free token giveaway, to users who connected their MetaMask wallets. Those who linked their wallets before BAYC’s warning lost a combined amount of over $1 million in NFTs.
Despite the large price tag attached to NFTs, they are often held in smartphone wallets rather than more secure alternatives. MetaMask, the crypto wallet application, only allows NFT display through mobile devices and encourages users to use the smartphone app to manage them. While it may be a good method for display purposes, this limitation provides hackers with a new and effective way to easily steal from users’ mobile wallets.
BAYC does not yet know how the hacker was able to gain access to their Instagram account, but they are following security best practices and actively working to contact the users affected.
This scam was conducted through the official BAYC account, making it appear legitimate to BAYC’s followers. It is incredibly important to stay vigilant and know how to protect yourself and your assets from scams like these. Follow the tips below to steer clear of phishing scams and keep your digital assets safe:
A seed phrase is the “open sesame” to your cryptocurrency wallet. The string of words is what grants you access to all your wallet’s assets. Ensuring that your seed phrase is stored away safely and not easily accessible by anyone but yourself is the first step to making sure your wallet is secure.
With all transactional and wallet data publicly available, scammers can pick and choose their targets based on who appears to own valuable assets. To protect your privacy and avoid being targeted, refrain from sharing your personal information on social media sites or using your NFT as a social media avatar.
Phishing scams targeting NFT collectors are becoming increasingly common. Be wary of any airdrops offering free tokens in exchange for your information or other “collectors” doing the same.
Phishing scams tend to get more sophisticated over time, especially in cases like the Bored Ape Yacht Club where the malicious links are coming straight from the official account. It is always best to remain skeptical and cautious, but when in doubt, here are some extra tips to spot phishing scams:
As crypto and NFTs continue to take the world by storm, hackers and scammers are constantly on the prowl for ways to steal and deceive. No matter the source or how trustworthy it may seem at first glance, always exercise caution to keep yourself and your assets safe!
The post Instagram Hack Results in $1 Million Loss in NFTs appeared first on McAfee Blog.
By Oliver Devane
Editors note: In the past 24 hours (from time of publication) McAfee has identified 15 more scam sites bringing the total to 26. The combined value of the wallets shared on these sites is over $1,300,000 which is an increase of roughly $1,000,000 since this blog was last published. This highlights the scale of this current scam campaign. The table within this blog has been updated to include the new sites and crypto-wallets.
McAfee has identified several Youtube channels which were live-streaming a modified version of a live stream called ‘The B Word’ where Elon Musk, Cathie Wood, and Jack Dorsey discuss various aspects of cryptocurrency.
The modified live streams make the original video smaller and put a frame around it advertising malicious sites that it claims will double the amount of cryptocurrency you send them. As the topic of the video is on cryptocurrency it adds some legitimacy to the websites being advertised.
The original video is shown below on the left and a modified one which includes a reference to a scam site is shown on the right.
We identified several different streams occurring at a similar same time. The images of some are shown below:
The YouTube streams advertised several sites which shared a similar theme. They claim to send cryptocurrency worth double the value which they’ve received. For example, if you send 1BTC you will receive 2BTC in return. One of the site‘s frequently asked questions (FAQ) is shown below:
Here are some more examples of the scam sites we discovered:
The sites attempt to trick the visitors into thinking that others are sending cryptocurrency to it by showing a table with recent transactions. This is fake and is generated by JavaScript which creates random crypto wallets and amounts and then adds these to the table.
The wallets associated with the malicious sites have received a large number of transactions with a combined value of $280,000 as of 5 PM UTC on the 5th of May 2022
| Scam Site | Crypto Type | Wallet | Value as on 5PM UTC 5th May 2022 |
| 22ark-invest[.]org | ETH | 0x820a78D8e0518fcE090A9D16297924dB7941FD4f | $25,726.46 |
| 22ark-invest[.]org | BTC | 1Q3r1TzwCwQbd1dZzVM9mdFKPALFNmt2WE | $29,863.78 |
| 2xEther[.]com | ETH | 0x5081d1eC9a1624711061C75dB9438f207823E694 | $2,748.50 |
| 2x-musk[.]net | ETH | 0x18E860308309f2Ab23b5ab861087cBd0b65d250A | $10,409.13 |
| 2x-musk[.]net | BTC | 17XfgcHCfpyYMFdtAWYX2QcksA77GnbHN9 | $4,779.47 |
| arkinvest22[.]net | ETH | 0x2605dF183743587594A3DBC5D99F12BB4F19ac74 | $11,810.57 |
| arkinvest22[.]net | BTC | 1GLRZZHK2fRrywVUEF83UkqafNV3GnBLha | $5,976.80 |
| doublecrypto22[.]com | ETH | 0x12357A8e2e6B36dd6D98A2aed874D39c960eC174 | $0.00 |
| doublecrypto22[.]com | BTC | 1NKajgogVrRYQjJEQY2BcvZmGn4bXyEqdY | $0.00 |
| elonnew[.]com | ETH | 0xAC9275b867DAb0650432429c73509A9d156922Dd | $0.00 |
| elonnew[.]com | BTC | 1DU2H3dWXbUA9mKWuZjbqqHuGfed7JyqXu | $0.00 |
| elontoday[.]org | ETH | 0xBD73d147970BcbccdDe3Dd9340827b679e70d9d4 | $18,442.96 |
| elontoday[.]org | BTC | bc1qas66cgckep3lrkdrav7gy8xvn7cg4fh4d7gmw5 | $0.00 |
| Teslabtc22[.]com | ETH | 0x9B857C44C500eAf7fAfE9ed1af31523d84CB5bB0 | $27,386.69 |
| Teslabtc22[.]com | BTC | 18wJeJiu4MxDT2Ts8XJS665vsstiSv6CNK | $17,609.62 |
| tesla-eth[.]org | ETH | 0x436F1f89c00f546bFEf42F8C8d964f1206140c64 | $5,841.84 |
| tesla-eth[.]org | BTC | 1CHRtrHVB74y8Za39X16qxPGZQ12JHG6TW | $132.22 |
| teslaswell[.]com | ETH | 0x7007Fa3e7dB99686D337C87982a07Baf165a3C1D | $9.43 |
| teslaswell[.]com | BTC | bc1qdjma5kjqlf7l6fcug097s9mgukelmtdf6nm20v | $0.00 |
| twittergive[.]net | ETH | 0xB8e257C18BbEC93A596438171e7E1E77d18671E5 | $25,918.90 |
| twittergive[.]net | BTC | 1EX3dG9GUNVxoz6yiPqqoYMQw6SwQUpa4T | $99,123.42 |
Scammers have been using social media sites such as Twitter and Youtube to attempt to trick users into parting ways with their cryptocurrency for the past few years. McAfee urges its customers to be vigilant and if something sounds too good to be true then it is most likely not legitimate.
Our customers are protected against the malicious sites detailed in this blog as they are blocked with McAfee Web Advisor
| Type | Value | Product | Blocked |
| URL – Crypto Scam | twittergive[.]net | McAfee WebAdvisor | YES |
| URL – Crypto Scam | tesla-eth[.]org | McAfee WebAdvisor | YES |
| URL – Crypto Scam | 22ark-invest[.]org | McAfee WebAdvisor | YES |
| URL – Crypto Scam | 2xEther[.]com | McAfee WebAdvisor | YES |
| URL – Crypto Scam | Teslabtc22[.]com | McAfee WebAdvisor | YES |
| URL – Crypto Scam | elontoday[.]org | McAfee WebAdvisor | YES |
| URL – Crypto Scam | elonnew[.]com | McAfee WebAdvisor | YES |
| URL – Crypto Scam | teslaswell[.]com | McAfee WebAdvisor | YES |
| URL – Crypto Scam | 2x-musk[.]net | McAfee WebAdvisor | YES |
| URL – Crypto Scam | doublecrypto22[.]com | McAfee WebAdvisor | YES |
| URL – Crypto Scam | arkinvest22[.]net | McAfee WebAdvisor | YES |
The post Crypto Scammers Exploit: Elon Musk Speaks on Cryptocurrency appeared first on McAfee Blog.
Cryptocurrency is all the rage these days and it doesn’t seem to be slowing down any time soon. As more people dive into the nitty-gritty of what blockchain is, how NFTs are traded, and the difference between Bitcoin and Ethereum, digital currency developers are finding new ways for people to engage with crypto. But as crypto continues to grow and become more profitable, hackers are simultaneously trying to find ways to get their hands on the coins.
According to Markets Insider, one of the biggest crypto heists in history took place recently, resulting in roughly $625 million stolen.1 Here’s what you need to know about this crypto theft, and how you can stay protected when investing in digital assets.
Ronin, the blockchain underlying the play-to-earn crypto game Axie Infinity, revealed that a hacker stole 173,600 Ethereum (currently worth around $600 million) and 25.2 million USDC (a cryptocurrency pegged to the U.S. dollar), resulting in a loss of about $625 million in cryptocurrency.
On March 29th, Ronin and Axie Infinity operator Sky Mavis revealed the breach and froze transactions on the Ronin bridge, which allows depositing and withdrawing funds from the company’s blockchain. This “side chain” contained nine validator nodes, or proof-of-stake tools, that confirmed and approved each transaction. At least five validator nodes are needed to approve each transaction. Sky Mavis oversaw five, and Axie Decentralized Autonomous Organization (or DAO) controlled four. However, Sky Mavis discontinued its agreement with the DAO in December but failed to revoke the DAO’s permissions. Due to this oversight, the hacker was able to take over the necessary amount of validator nodes to enable access to the cryptocurrency and make a break with it.
According to experts, the use of these side chains rather than native blockchains leads to a rise in cryptocurrency vulnerabilities. Had Sky Mavis abandoned the side chains and stuck to the blockchains, it is likely that an attack of this magnitude could have been avoided. Rather than a cryptocurrency issue, this is more of a cybersecurity issue.
If you are interested in getting into crypto, don’t let cyberattacks like this deter you! As a fairly new phenomenon, there are still many ways in which the crypto world needs to grow, adjust, and adapt to ensure that users can interact with it safely. In the meantime, if you are wanting to dive into the crypto economy but still have reservations, here are some tips to help you stay protected:
Whenever you decide to dive into something new, it’s always important to make sure you are knowledgeable about that thing, especially if it involves investing your money. Before jumping right into the crypto world, research each cryptocurrency, each blockchain, and any software you may use. Keep up with the news to stay informed on security breaches and pick up tips for which system you may want to engage in. Knowing the ins and outs of the crypto economy and its security protocols will solidify your decision of whether you want to join the crypto community and whether the benefits outweigh the risks.
As with all online accounts, it’s important to use secure, unique passwords and two-factor authentication when creating and maintaining cryptocurrency logins. Hackers can access lists of passwords and logins via the dark web, so never reuse your passwords. Two-factor authentication requires a randomly generated passcode for entry that is only accessible to you, so cybercriminals will not be able to access your accounts. If your accounts are a pain for a hacker to try to get through, they will likely move on, keeping your account, your information, and your assets safe.
For some added protection, store your assets in a crypto wallet. A crypto wallet is a software product or physical device that stores the keys to your cryptocurrency accounts. Crypto wallets allow you to transfer funds between crypto types and make transactions while keeping your investments protected. There are various types of cryptocurrency wallets, so do your research to find which one is best for you and your accounts.
Develop a routine of checking in on your crypto accounts to keep an eye on any suspicious transactions. Keep up with news outlets so that if there does happen to be a breach, you can make a timely report of any losses you may have had. For some added security and protection, consider changing your login credentials.
Hackers often use social engineering to enact cyberattacks like these. This includes targeting users’ emails or using phishing to gain access to these accounts. When receiving emails, be wary of addresses that seem slightly off, odd spelling and grammar mistakes, and any links or attachments added to the message. Being cautious and alert when you are online is an important step to ensuring your account safety.
As the world of crypto continues to evolve and more people get involved, cybercriminals are itching to take advantage. However, that is no reason to avoid getting into the crypto economy. If you decide to try your hand at digital currencies, make sure you are doing your research, staying up to date on what is happening in the crypto news, and remaining vigilant when it comes to your online safety.
The post $625 Million Stolen in Latest Crypto Attack: 5 Tips on How to Use Digital Currency Safely appeared first on McAfee Blog.
A-list celebrities and social media influencers are now adding their voices to the roar of other cryptocurrency fans asking you to join them in the investments of the future. It’s impossible to deny the grip cryptocurrencies have on the world today, for better or worse. In some industries, they speed the pace of business and for some, it’s a viable way to make ends meet and set up long-term investments. The cryptocurrency realm has also proven to be vulnerable to cybercriminals. For example, the Wormhole hack leaked $320 million, and cybercriminals have targeted crypto platforms with ransomware and mining app scams.
Whether you’re already in the cryptocurrency game or are thinking about taking the plunge, here’s what you need to know about crypto wallets and tips on how to keep yours safe from cybercriminals.
A cryptocurrency wallet, or crypto wallet, is a software product or a physical device that stores the public and private keys to your cryptocurrency accounts. Keys are strings of numbers and letters that encrypt and decrypt crypto transactions and secure crypto accounts. You can think of public keys as the routing and account numbers that appear at the bottom of paper checks. There’s not much a nefarious character can do with that information, and it’s totally normal to give that information to an acquaintance with whom you’re doing business. Private keys are like your online banking password or debit PIN. Those you must guard very closely because in the wrong hands, your hard-earned bank balance could disappear. A crypto wallet also allows you to transfer funds between crypto types and make transactions.
Here are a few basic types of crypto wallets to help you decide which type is right for you.
A non-custodial wallet means that you are the sole keeper of the keys to your crypto assets. If you forget your password, there’s no “forgot your password?” prompt to let you back in. While not having this safety net is a little nerve wracking, noncustodial wallets are considered the more secure option. You don’t have to worry about a security breach of a major corporation leaking your private key. If you’re responsible and confident that you’re prepared to look after your assets by yourself, this may be the best option for you.
A custodial wallet is a little less secure, but you have a third party helping you log in and manage your crypto accounts. Custodial wallets are often web-based, and the biggest tick in their pro column is that they’re generally very easy to use. While reputable custodial wallets take security very seriously, the threat of a breach is always a possibility, especially as crypto accounts are appealing targets to cybercriminals.
Hardware wallets, also known as cold wallets, are devices you can fit in the palm of your hand. Most models are Bluetooth-enabled devices that look like small remote controls or are flash drives. The device is secured by a PIN that you should never write down or share with anyone else. Also, you should designate a safe and private spot to store your hardware wallet. Similar to a noncustodial wallet, you are solely responsible for keeping track of the device and remembering the PIN. If you lose it, your crypto accounts are locked, and there’s no locksmith to open them for you. As long as you keep track of it, hardware wallets are very secure. Most models are equipped with malware- and virus-proofing security features.
Software wallets are downloaded and internet-connected mobile or desktop apps. They allow you to make transactions on the run, as you can access your crypto accounts from your phone. In that sense, they’re more convenient than hardware wallets. Additionally, software wallets have the same safety net as custodial wallets: if you lose your phone, forget your password, or require login assistance, the maker of the software can help you access your accounts. Software wallets are very secure when you enable their two-factor authentication login settings; however, since they connect to the internet, there’s always a chance a cybercriminal could break-in. Thus, hardware wallets are considered more secure than the software variety.
Check out these tips to ensure your assets are safe and secure in your crypto wallet:
Cryptocurrency value is reaching galactic heights like the spaceships depicted in prime-time ads. Don’t feel pressured to hop aboard the crypto rocket, but if you do decide to jump on, make sure you do your research carefully and make the best decisions for your crypto goals.
The post What Is a Crypto Wallet and How to Keep Your Wallet Secure? appeared first on McAfee Blog.
Cryptocurrency has boomed in the last several years, with beginners and experts alike jumping into the industry. It’s proven now to be more than a passing hobby or trend. Cryptocurrency is a way of conducting business and making money for people around the world.
As the intrigue and interaction with crypto grows, cybercriminals are finding new ways to exploit the system. According to CNBC, a recent crypto hack resulted in the loss of over $320 million across two major blockchain networks. Here’s what you need to know about this latest breach, plus some tips on how you can protect your crypto assets.
There’s more than one kind of cryptocurrency, and many users spread out their investments across various currencies and blockchain ecosystems. To link their activities, some crypto users employ a type of bridging software that can easily connect their different accounts. Wormhole is a popular bridge that allows users to freely move their tokens and NFTs between the Solana and Ethereum blockchains.
In this recent crypto hack, a cybercriminal installed a bug that minted 120,000 fake currency on the Solana side of the Wormhole bridge. Then, the criminal transferred 120,000 counterfeit currency to the Ethereum side to claim Ethereum tokens. This resulted in the hacker gaining at least $251 million worth of Ethereum, nearly $47 million in Solana, and upwards of $4 million in USDC, a third type of cryptocurrency.
The Wormhole team offered the hacker $10 million to return the stolen currency and explain how they executed the hack. Wormhole has since tweeted that they’ve restored all stolen funds and that the system is now back to normal. Experts think they have successfully reverse-engineered the exploit and suspect that the attacker gained access through bypassing the verify signature process.
As cryptocurrencies continue to take the world by storm, it’s key that users learn how to engage with this emerging industry safely. Even though the Wormhole breach affected the crypto platforms and not individual users, this incident is a reminder to be diligent about your crypto safety. Check out these tips to help you protect your crypto investments:
Like with any process that involves investing your own, hard-earned money, you should be diligent about researching every cryptocurrency, blockchain, and accompanying software you use. Never trust your money to a product or service that you’re not completely confident in their security protocols. Keep up with national and world news and crypto-specific news outlets to stay on top of the latest security breaches and to gather tips on which system may be the safest option for you. When jumping into cryptocurrency, make sure that any benefits outweigh the risks.
As with all your online accounts, protect your cryptocurrency logins with secure, unique passwords and two-factor authentication. Never reuse passwords, since it’s possible for wily cybercriminals to buy lists of login and password combinations on the dark web. Two-factor authentication often makes it impossible for anyone to break into your account, as it requires a randomly generated passcode for entry. Passcodes are often sent by text or through a smartphone application. Sometimes it’s difficult to remember all your passwords, so consider trusting them to a password manager, such as McAfee True Key. An online account locked behind a secure password and two-factor authentication will likely frustrate a cybercriminal and cause them to move along, keeping your account safe.
Add an extra layer of protection to your crypto assets with a hardware wallet. A hardware wallet stores private keys that are necessary to unlock your blockchain accounts. This device is compatible with various blockchains and helps back up and protect your investments, even if your device is compromised by malware or a phishing attack. Hardware wallets are often protected by PINs and a passphrase, so even if the device is lost or stolen, you can feel confident in the safety of your crypto accounts.
Make it part of your weekly routine to check in on your crypto account to ensure that there are no suspicious transactions. Keep the pulse on the news, so that whenever there’s a breach, you can make a timely report of any losses you may have experienced. Also, consider changing your login credentials to be on the safe side.
The only way to enjoy your cryptocurrency experience is to be confident in it. While the Wormhole loophole was almost impossible for a casual everyday user to predict, as long as you have a contingency plan and safeguards in place, you can be confident in your crypto activities.
The post Latest Crypto Vulnerability Leaks $320 Million: 3 Tips to Boost Your Crypto Confidence appeared first on McAfee Blog.
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