The Binance security team has issued a critical warning to crypto investors about a new malware threat that can replace clipboard data and access sensitive information from devices.
Binance, a top-ranked cryptocurrency exchange renowned for its high-security standards, continues to excel globally despite facing significant legal hurdles. The platform’s success is largely due to its highly qualified team and effective service.
On September 14, 2024, Binance released a report urging customers to be cautious of malware spreading across the internet. This malware, which targets Android and web apps, typically infiltrates devices through unofficial apps or plugin platforms. It can read clipboard text anonymously and, during crypto transactions, replace the intended crypto address with one controlled by the attacker.
We’ve identified a global malware issue that alters withdrawal addresses during the transaction process.
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Be cautious of plugins and apps you’ve installed, especially on Android and web apps, and stay alert on iOS too.
Our Binance security team is on top of this issue and… pic.twitter.com/1y9jn0D9CX
— Binance (@binance) September 14, 2024
To mitigate this risk, Binance advises users to double-check crypto addresses before confirming transactions and warns users to avoid unofficial sources for apps and plugins.
Binance vs. WazirX
Binance’s rising prominence comes as the popular Indian crypto exchange WazirX struggles following a significant hack that resulted in a loss of $230 million worth of cryptocurrencies. The ongoing legal conflict between Binance and WazirX has intensified, with WazirX alleging that Binance used the majority of its revenue but failed to support the exchange during its financial troubles.
Recently, some people have suggested that Binance leadership should release a statement regarding the WazirX hack incident and assist WazirX customers in recovering from the situation.
A crypto user on X claimed that the current Binance CEO, Richard Teng, is not as proactive as his predecessor. They believe that if Binance’s former CEO, Changpeng Zhao (CZ), were still in charge, he would have addressed the issue by now.
Read also: Crypto Influencer Urges WazirX to Liquidate Assets and Compensate Hack Victims Amid Growing Outcry
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