Binance has just identified a global malware issue that is severely impacting crypto transactions. This malware, known as “Clipper,” modifies withdrawal addresses during the transaction process, potentially causing significant financial losses for users.
What is Malware Clipper and how to protect your cryptos?
Clipper malware is a type of malware that intercepts data copied to your device’s clipboard. When a user copies a crypto wallet address to make a transfer, Clipper replaces that address with the attacker’s. If the user doesn’t notice this change and completes the transaction, the funds are sent to the attacker’s wallet, resulting in irreversible loss.
To avoid these types of attacks, it is recommended:
- Be careful with plugins and apps: Only install apps and plugins from trusted sources, especially on Android and web apps. Even iOS users should be careful.
- Verify withdrawal addresses: Before completing a crypto transaction, always verify the withdrawal address. Make sure it matches exactly the one you copied.
- Use security tools: Tools like antivirus and anti-malware software can help detect and block potential threats.
Binance's measures to combat this problem
Binance's security team is aware of this issue and is actively working to blacklist suspicious addresses. Binance recommended to all crypto users to revoke all transaction approvals until the issue is resolved.
Additionally, the crypto exchange notified affected users about the malware and advised them to check their devices for any suspicious software or plugins. Additionally, users were asked to share details about their incidents to help identify and analyze the malware and plugins involved.
The security of your cryptocurrencies depends on your vigilance. By following these recommendations and staying informed about the latest threats, you can protect your digital assets from scams and fraud. The Binance team continues to monitor new threats and update its protocols to ensure the safety of all crypto users.
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