Beware of Clipper Malware: A Sneaky Threat to Cryptocurrency Users

by | Sep 18, 2024 | News

If you’re into cryptocurrency, this one’s for you.

Recently, there’s been a buzz about a sneaky hack that’s targeting crypto users, and it’s something you should definitely be aware of.

Here is how it works:  You download some software or a plugin, maybe from an unofficial source or through a supply chain hack. This malware, known as clipper malware or ClipBankers, is designed to monitor your clipboard activity. When it detects that you’re copying a cryptocurrency wallet address, it replaces it with the hacker’s address when you paste it.

This issue has been highlighted by Binance, a well-known cryptocurrency exchange. They noticed a spike in this activity, especially on August 27, 2024. The malware is mostly found in unofficial apps and plugins, particularly on Android and web apps, but iOS users should also be cautious.

Here’s what you need to know to stay safe:

  1. Verify Authenticity: Make sure the apps and plugins you’re using are legit. Avoid downloading software from unofficial sources.
  2. Double-Check Addresses: Always double-check your withdrawal address before completing any transactions. A simple step that can save you a lot of trouble.
  3. Stay Informed: Keep up with the latest security advisories from Binance and other trusted sources. Awareness is key!
  4. Use Security Software: Install reputable security software on your devices to detect and remove malware. Regular updates are a must.

Binance has taken steps to address this issue by blacklisting attacker addresses and notifying affected users. But prevention is crucial. By following these guidelines and staying vigilant, you can significantly reduce the risk of falling victim to this type of scam.

Stay safe, and happy trading!

Refer: 

https://thehackernews.com/2024/09/binance-warns-of-rising-clipper-malware.html

https://www.binance.com/en/blog/security/protect-your-crypto-understanding-the-ongoing-global-malware-attacks-and-what-we-are-doing-to-stop-them-7968393135385409266