Published on augustus 27, 2024, 12:37 am
Image source: Fox News
```json [ "TLDR: Crypto scams continue to target investors, with recent incidents including a phishing attack on DeFi Saver resulting in $55 million loss, iVestDAO closure after a $156,000 exploit, and a new 'copy2pwn' exploit targeting Windows Smart Screen systems. It is crucial for Web3 users to verify contract addresses before transactions, update systems to prevent malware attacks, and stay informed about evolving threats.", ] ```
Crypto scams, hacks, and exploits continue to plague the cryptocurrency world, making it crucial for investors and users to remain vigilant to protect their assets. Recently, DeFi Saver fell victim to a sophisticated phishing attack where an attacker tricked a user into transferring ownership of their smart contract, resulting in the loss of over $55 million worth of Dai stablecoin.
It is essential for Web3 users to verify contract addresses meticulously before approving transactions to avoid falling prey to phishing attacks. While protocols often provide official contract addresses in their documentation, double-checking can prevent significant financial losses.
In another incident, iVestDAO announced its inability to rebound after experiencing a $156,000 exploit, leading to the project’s closure. Despite initial plans for compensation and reopening, the team stated that refunding investors was not enough due to irrecoverable funds lost in the exploit.
Moreover, a new exploit known as “copy2pwn” has surfaced targeting Windows Smart Screen systems. This exploit allows malware operators to bypass security measures and potentially install malware on devices, risking the exposure of private keys stored in software wallets.
As cyber threats evolve, crypto users relying on Windows Smart Screen are advised to update their systems promptly to mitigate risks associated with copy2pwn and similar malware attacks. Porter Adams’s encounter with crypto-stealing malware highlights the importance of verifying copied addresses during transactions to avoid sending assets to unintended recipients.
The cryptocurrency community must stay informed about emerging threats and take proactive measures to safeguard their investments in this rapidly evolving landscape characterized by innovation and risk.
Original article posted by Fox News
