Man-in-the-middle (MITM) attacks pose a significant threat in the world of cryptocurrency. In early 2023, researchers discovered a MITM vulnerability in the popular Ledger hardware crypto wallet application.
This vulnerability allows hackers to divert victims' funds to their wallets by changing the destination address of cryptocurrency transactions.
While specific statistics regarding MITM attacks in the cryptocurrency sector are scarce, it is clear that these attacks are becoming increasingly worrying. As cryptocurrency adoption continues to increase, the potential for MITM attacks also increases.
How to avoid #ScamRiskWarning
1.Avoid using public Wi-Fi to make cryptocurrency payments.
2.Use a VPN for an extra layer of security when trading or accessing your crypto wallet.
