Beware! Hackers Found a Sneaky Way to Swipe Your Crypto currency from Stock Exchanges

Hold onto your digital wallets people . The brilliant mind X-explore a smart crypto currency analyst just dropped a bomb shell about a lurking danger that’s been haunting the users of centralized exchanges (CEXs) . Through a series of tweets X-explore spilled the beans on the alarming surge of malware attacks that have been shaking up platforms like Binance , Stake.com , Bitso and more since June 2022 . Brace yourself for a fresh method cooked up by hackers to get their hands on your precious crypto.

Centralized Exchanges in the Crosshairs

X-explore’s careful investigation has brought to light a scary pattern of successful breaches in the security fortresses of CEXs . These crafty hackers have discovered a sneaky trick by cloning the API requests and responses of these exchanges they can manipulate the transaction details . Picture this they sneakyly swap out the original addresses with their own diverting your hard earned virtual riches straight into their pockets.

XRP Altcoin Chain Takes a Hit

Among the chaos one crypto currency emerged as the prime target for these cunning cyber bandits XRP . X-explore’s careful scrutiny unearthed a staggering 142 attacks on the XRP altcoin chain . The fallout ? A devastating loss of 14,361 XRP which in today’s market adds up to a whopping $7,300 . And guess what? These sly culprits didn’t discriminate they cast their net wide using the compromised addresses across various CEXs and users before finally funneling the stolen loot into MEXC.

Tips to Keep the Hackers at Bay

Fear not brave crypto enthusiasts X-explore is here to save the day with some expert advice on thwarting these nefarious schemes . First and foremost be extra cautious when it comes to downloading and installing any browser extensions , software or applications from sketchy sources . Your digital safety is no joke so make sure to double check those withdrawal and deposit addresses in your emails . Oh and don’t go dumping large sums of crypto currency into CEXs all at once spread it out folks .

But hey it’s not all on you . Centralized exchanges need to pull up their socks too . X-explore urges them to bolster the security of their API requests and responses . By fortifying these crucial components of their systems CEXs can effectively armor themselves against these relentless attacks.

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