How to avoid cryptocurrency hacks

What does "hacked" mean?

The term "hacked" actually has many meanings.

Ordinary people, when talking about hacking, often imagine a handkerchief sitting in a room somewhere, trying to find a way to access your computer or online account.

Actually it is not so simple. Usually this type is only on film.

Most hacking today is not like that, but hackers often rely on victims' social interactions, and this is often referred to as Social Engineering:

"Hacking is the use of deception to manipulate and manipulate individuals to expose confidential information or personal information, for the purpose of making money or other gain."

Obviously, there is no mention of a character who types the computer to access your personal computer. What they do is "manipulate and control you" so you can reveal your own information. Often they will rely on your social relationships to do this. The types are as follows:

Create fake social accounts (Facebook, Twitter, etc.) as your acquaintance to exploit your information.

Phishing You get emails from a familiar organization or even your company, requesting "access to your account" to check your balance or confirm some personal information. These emails look very real, from the logo to the content, the sender address, or if there is a web link you click on it to a page that looks very real.

Phishing sites look just like real web pages, except that the web address will be a little bit changed, for example, here amazon.com --> amazonn.com, myEtherWallet.com --> myetherawllet.com.

To avoid this type of hack, the simplest way is to carefully examine the page that you visit to prepare for the login, its address is real, no surplus or no character. And always use 2FA (2 factor authentication) for important accounts.

Fake Twitter accounts of celebrities to request cryptocurrency: Hackers create counterfeit Vitalik Buterin for example, then ask people to send ETH to him and promised to send back more ETH.

You see, they do not need to do anything complicated, they also hand over accounts or coin to them, so also called hacked.

Hack trading platform

Most cryptocurrency trading platforms were only developed a few years ago, and were developed by people ... not security experts. Often they come from financial institutions (with antique security procedures hundreds of years ago) and do not realize how easily exposed data is.

When you hear a cryptocurrency trading platform that is hacked, it is often caused by the owner of the exchange or the private key of the investor. They keep all your private key and other investors. Your Bitcoin wallet on the exchange is just a drawer in the coin cabinets of the exchange. So once the cabinet is hacked, all the drawers are hacked too. Example, if Binance is hacked, the capital of all investors in Binance are at risk of losing the same.

API

An API is a type of code that an investor creates and uses it to log in to his or her wallet account on platforms other than the trading platform: a portfolio manager, a coin viewer, a command on the phone. like TabTrader, Coinstats, or the main app of that floor. Hackers can use these apps to access trading accounts, place orders, or even withdraw funds.

Here are some ways that hackers can use to hack your crypto assets, whether it is personal wallet or exchange wallet.

Thanks for reading.

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