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Cryptocurrency News 9 months ago
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Hidden Wallet Drainer Links on Discord Pose New Risk for Crypto Users, Experts Warn

Algoine News
Summary:
Phishing attacks on cryptocurrency assets through hidden links on Discord create a new risk for users. Cybersecurity experts advise a comprehensive defense approach, using plugins for protection and verifying web addresses. Platforms should disallow deceptive links, while users should stay vigilant and cross-check URLs with phishing warning lists. Enhancements like message restrictions to trusted contacts can bolster platform security.
Phishing attacks targeting cryptocurrency assets continue to be a significant threat, with users falling victim to malicious permissions and questionable links. Discord, a popular instant messaging platform, has recently been found allowing scammers to hide wallet drainer links on any text, posing a new kind of risk. While some users claim this feature is new, the ability to embed links on various social platforms has been available for a while. Cybersecurity experts emphasize the importance of protecting oneself from such attempts and improving platform security. Christian Seifert, a researcher in residence at Forta Network, explains how hyperlinks with text have long been exploited by hackers for phishing attacks. He suggests that both platforms and users need to take an in-depth defense approach to security. Seifert recommends using plugins as a precautionary measure, and despite Discord providing information on the true destination of URLs, scammers can still exploit the platform's trust feature. Hugh Brooks, the director of security operations at CertiK, agrees with Seifert and emphasizes the collective responsibility of users and platforms in combating malicious actors. He advises users to be cautious when it comes to links, especially when asked for signatures and permissions, and suggests cross-checking web addresses with recognized phishing warning lists. Brooks also recommends browser extensions and tools that can alert users to known phishing websites. On the platform's side, implementing measures such as message restrictions to trusted contacts can help enhance security. Brooks cites Meta's "Facebook Protect" as an example of a platform prioritizing security and fostering a culture of vigilance and awareness among users.

Published At

9/8/2023 8:40:00 AM

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