👊 Phishing: Wi-Fi as a tool for theft
An unfortunate event has occurred in one of the Asian countries: the former CEO of a crypto project lost $450,000 by connecting to the WiFi network of his "best friend". This case has become one of many confirming an alarming trend in the world of cybercrime.
🦍 Type of fraud
In this case, the "best friend" took advantage of access to Tom's mobile device via a local WiFi network to steal his funds.
💸 Lost savings
After Tom entered his passphrase, he discovered that all of his savings had been stolen. To make matters worse, Tom found himself in a foreign country with no resources or support.
🕵️ Quick investigation
With the help of an anti-money laundering company, it was possible to track the transfer of funds to the Binance account and freeze them. An important aspect was that the attacker did not try to hide his tracks, which significantly facilitated the investigation process.
🚫 Precautionary measures
There is a recommendation for cryptocurrency users not to connect to wallets and crypto sites via public or unknown WiFi networks. Enabling transaction notifications will also help to notice unauthorized transactions in time.
🤷 Summing up
Avoid entering private data in public networks, including airports. It is better to overpay 5 euros for mobile Internet than 450,000
