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Reddit user warns of a copy & paste exploit that stole his crypto

Reddit user warns of a copy & paste exploit that stole his crypto

A Reddit person working beneath the title “seraf1990” warned of a replica & paste crypto rip-off that changed a pockets deal with he copied from Coinbase with one belonging to scammers. In line with seraf1990, he misplaced about $350 price of Bitcoin (BTC) — cash that he notes was meant to go in direction of his hire for subsequent month.

The put up explains that seraf1990 was trying to money out some BTC by sending it from Binance to his account on Coinbase. After copying the change’s Bitcoin pockets deal with, he pasted it into the suitable area again on Binance and accomplished the transaction “with out second thought.” It was solely later that he realized the deal with had by some means been swapped.

This kind of assault is pretty widespread, aside from one essential distinction. When a foul actor swaps out your deal with for one in every of their very own, the 2 keys are often fully completely different from each other, making the exploit fairly straightforward to identify. In seraf1990’s case, nevertheless, the primary 4 digits of the 2 addresses have been equivalent.

Compounding this concern was the truth that Coinbase solely displayed the primary few digits of the pockets on the person’s system. 

Within the put up, seraf1990 said that the system used within the transaction was a Home windows-powered PC. Some replies speculated that malware might be behind the crypto rip-off, although the tactic was by no means immediately confirmed.

The same incident was reported by Cointelegraph in June. Cybercriminals have been reportedly impersonating an encrypted messaging service with a view to steal Bitcoin through the copy & paste operate.

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