With the growth of the cryptocurrency market and increasing adoption rates, the activity of malicious actors is also increasing. Finally, some accounts on the Bitcoin exchange Coinbase and Kraken are allegedly for sale on the Dark Web! So what’s next? What should investors do? Here are the details…
This Bitcoin exchange faces hacker attack: Accounts are sold on the Dark Web!
The rise of cryptocurrencies and the growing popularity of online banking has led to an increase in cybercrime and identity fraud. A recent study by PrivacyAffairs.com shows that an individual’s personal information is worth $1,010 on the dark web, where hackers target online banking logins, credit card information, and social media credentials.
In particular, according to an official press release released on May 1, 2023, the sale of hacked cryptocurrency accounts is booming. Cryptocurrency exchange Coinbase has become a popular target for hackers, with stolen verified accounts being sold on the dark web for $610. Another popular exchange, Kraken, also saw its users’ accounts hacked and sold online for as little as $810.
Cybercrime, such as the sale of hacked cryptocurrency accounts, has grown in demand in recent years as more people have invested in digital assets. Because cryptocurrencies are largely unregulated and decentralized, they are seen as an attractive target for hackers looking to make a quick profit. As the value of cryptocurrencies continues to rise, so does the incentive for hackers to steal them. The anonymity of cryptocurrencies makes it difficult to trace and recover stolen assets, leaving little recourse to victims.
Identity theft and hacking threat worries investors
PrivacyAffairs.com, a security and research firm, emphasizes the importance of public awareness and care to reduce the threat of identity theft and hacking. He points out that users should be careful about protecting their personal information online and using strong, unique passwords for each account. In addition, two-factor authentication is also described as a very important tool in ensuring the security of online accounts.
Cryptocurrency users can take extra precautions such as using cold wallets to store their digital assets offline and avoid sharing their private keys or seed phrases with anyone. As the use of digital assets and online banking becomes more widespread, the threat of cybercrime and identity fraud will continue to increase. It is extremely important that users take the necessary precautions to protect themselves and their assets from hackers and other malicious actors on the dark web. That’s why experts advise investors to be careful.
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