Are you protecting your Crypto funds | Stay Alert Stay Safe | Real Incident Reported | New Trojan Explained

in #cryptocurrency7 years ago

Are you protecting your Crypto funds | Stay Alert Stay Safe

Hey Steemians,

Are you sure your Cryptocurrencies are safe within your private or online wallets?

Are you taking necessary precautions to transmit your funds ?

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In the real incident, last week one of our friends lost his funds due to his own negligence. He invested in an ICO and gave them his ether wallet address to receive the coins. He had some technical issue with his system where after copying and pasting wallet address, the alpha-numeric digits reshuffle own their own. He was warned by @BunnyChum strictly to fix the issue. After the release of ICO when we did not receive the coin, he directly got in touch with ICO admins and got to know that they have already sent the coins to the address he mentioned. Now due to his negligence, while copying and pasting the ether wallet address, he did not bother to verify the address before submitting. In this irrevocable action and his carelessness, he has lost nearly $500.

Referring to recent news, one of the Trojan name CryptoShuffle is also harming your computers in the same way and can result in stealing your funds/coins from you. Kaspersky Labs, leading firm in CyberSecurity, has issued an warning to Cryptocurrencies owners that assuming if there coins are safe in their private wallet, cannot be 100% correct. This newly discovered Trojan is harming users via getting into their systems and making alterations with Clipboard. While processing a transaction, when you try to copy and paste a wallet address, it automatically changes that particular address to their own, resulting in stealing your funds via forwarding your money to their own wallet address instead of the wallet address that you copied and intended to paste.

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The easiest way to avoid this harm and protect your Cryptocurrencies is your Alertness. Whenever you are making a transaction or sending/receiving money from/to your wallets, you need to spend few extra seconds and be alert enough to manually verify the address that you have copied and pasted. It should be exactly same as you intended to copy/paste. Also you should consider using some reliable anti-virus anti-malware application in your computers to avoid such incidents. When we are fully aware that any transactions in Cryptocurrencies are irreversible, why not be extra careful when we are forwarding our money to any other wallets. With the increase in popularity of Cryptocurrencies, the risk of loosing them also increase. Its only we and our alertness that can help us to protect our money from online burglars and hackers.


Follow & Upvote | @pkalra
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@pkalra Thank you for tagging me into this post, i am Truly delighted.
This really needed to be out there with people. Specially for people who doesn't take much attention to their computers...

We need to remember this is blockchain. As this technology rises more and more threats are coming it's way...

Yeah, you said that right.. One needs to be extra careful and alert at their end @bunnychum

Nice article @pkalra Resteemed and Share on Steemit Viral Facebook Page by @irfansardar Good Luck!

Thank you so much @irfansardar

Very useful information thanks for sharing

You are most welcome @princeshady5

This deserves some attention. Upvoted and resteemed :)

Thank you @katesmith
I am obliged with your support!

Calling @originalworks :)
img credz: pixabay.com
Nice, you got a 8.0% @minnowbooster upgoat, thanks to @pkalra
Want a boost? Minnowbooster's got your back!

With great power comes great responsibility.
Great article, thanks!

You are welcome @xwerk

The first time I send anything to a new platform I always just send one or 2 tokens or some allowable dust just to test, before the full load

That is a wonderful method to avoid loss mate.. All the best @a-kopf

you try to copy and paste a wallet address, it automatically changes that particular address to their own

Very smart way to steal money indeed.

My tip: NEVER run an executable (.exe) you don't know, specially if it's not signed. Just by doing that you avoid 90% of security problems. Also, be sure everything in your computer/device is up to date.

Thanks for you advise @nehomar.. Keep helping the community!

I'm still learning about the whole thing. I've acquired a little bit of cryptocurrancy but haven't the foggiest on how to access it, lol! It's a learning process for me and I'm behind on my homework. Thank you for the info.
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You are always welcome @xmaas
Please let me know incase I will be of any help!

Thank you for that kind offer, it is much appreciated. Good people are becoming harder to find these days.
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