Binance has warned of a malware that changes addresses while users are making withdrawals, peaking on August 27.

Binance, the world's largest cryptocurrency exchange, has warned about a security threat that has become increasingly common in recent days and targets users' wallets.

According to the statement made by the stock exchange, a type of malware called “Clipper” causes serious financial losses by changing withdrawal addresses during cryptocurrency transactions. The software in question targets wallet addresses that users copy and paste and replaces them with the address determined by the attacker. When the user completes the transfer without noticing the change, the cryptocurrency is transferred to the attacker’s account.

There was a big increase on August 27

It was determined that there was a significant increase in the use of this software, especially on August 27, 2024. It was noted that the virus generally spreads through unofficial software and add-ons in Android and web applications, but iOS users should also be careful about such threats. According to experts, users often download this software unknowingly while searching for software in their own language or through unofficial channels.

Security measures taken by Binance

The statement also included security measures taken by Binance. It was emphasized that the exchange blacklisted the addresses of the attackers and that many fraud attempts have been prevented in this way so far. In addition, it was stated that affected users were informed and advised to check their devices for suspicious software. In addition, it was emphasized that continuous examination and analysis were carried out on the cases.

What should users do?

Binance made the following recommendations to its users to protect themselves from such malware:

  • Verify the authenticity of apps: Make sure the apps and plugins you use are from trusted sources. Avoid downloading software from unofficial sources.

  • Double-check addresses: Check your withdrawal address multiple times during the transfer process. This simple step can prevent major financial losses. For extra security, you can take a screenshot of the address before the transfer and send it to the recipient.

  • Stay up to date: Follow security alerts from Binance and other trusted sources.

  • Use security software: Install reliable security software on your devices and update it regularly to protect against the latest threats.

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