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New malware discovered that will hack and steal your Bitcoin wallet accounts

Goldhedge

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if you don't hold it...


New malware discovered that will hack and steal your Bitcoin wallet accounts

9:59 AM

One of the world's leading anti-virus companies on Nov. 2 discovered a new malware virus that has the capability of hacking into, and stealing your Bitcoin or other cryptocurrency wallets.

Known as the CryptoShuffler, this malware co-opts one's cryptocurrency wallet and swaps the original creators address with one of their own.



Russian cybersecurity company Kaspersky Lab said it has detected a new malware able to steal cryptocurrencies from users’ web wallets by replacing their address with that of its creator. Cybercriminals are targeting digital currencies such as bitcoin, ethereum, zcash, dash, monero and others, according to the company. However, the maximum losses were borne by owners of bitcoin-wallets with nearly 23 bitcoins worth over $160,000 stolen. Sums stolen from other digital wallets are ranging from a few dollars to several thousand. The new virus, named CryptoShuffler, activates itself when a targeted user attempts to transfer money from one wallet to another. The procedure requires the recipient’s wallet ID, which commonly consists of a long set of symbols and is impossible to memorize, making a user apply a copy-paste option. - Russia Today
 

the_shootist

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I'm not worried too much that I'll lose my bitcoin wallet or my Mercedes 450SL Classic in the garage!
 
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Usury

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That can't be right? Where are all the techies that were espousing bitcoin as unhackable?
 

anywoundedduck

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The experts, so called, were thinking block chain technology is unhackable. At what point in a transaction is a crypto user vulnerable?
What about the wallet owners device?
Perform one transaction with your wallet, as malware from an email is sitting in wait to copy all your keys and passwords.
Malware is easily installed in most everyone's computers. It's a fact.
There is probably more vulnerabilities.
 

Joe King

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Perform one transaction with your wallet, as malware from an email is sitting in wait to copy all your keys and passwords.
Malware is easily installed in most everyone's computers. It's a fact.
Same thing could be said for online banking. Ie: malware sits and waits for you to log in to your bank and steal your money that way. Or the pick pocket sits and waits for his oportunity to steal a wallet.

Threats are everywhere. It's up to the individual to secure his/her sh!t. Same as it ever was.

 

EO 11110

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some crazy cuban once said.....if you don't hold it, you...
 

EO 11110

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ha ha, joke is on you. i keep my bitcoin in the google cloud with my sail foam
 

xhomerx10

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Same thing could be said for online banking. Ie: malware sits and waits for you to log in to your bank and steal your money that way. Or the pick pocket sits and waits for his oportunity to steal a wallet.

Threats are everywhere. It's up to the individual to secure his/her sh!t. Same as it ever was.


I wouldn't care so much about having some fiat currency stolen - it's easily replaceable; a dime a dozen for those things. My Bitcoin on the other hand...
 

Usury

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It can ever be only as unhackable as your computer.
Or the other computers on your network, or the computers on the other end of the transaction, or the various routers, switches, etc in between.
 
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Or the other computers on your network, or the computers on the other end of the transaction, or the various routers, switches, etc in between.
Yes, but over half of them would have to be hacked in unison. The protocol was designed to be resistant against bad actors. Any problems that do occur are most likely going to exist between keyboard and chair on an individual basis.
 

Flight2gold

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Just as you wouldn’t send your stack of pm’s to someone off of Craigslist expecting payment later,
you need to know whether the pc your using is secure, whos using it and what phishing websites are visited.
Can everyone tell 100% whether the last ATM you used had a skimmer installed?
If you can’t you just exposed your bank acct to hackers.
Run some virus scans occasionally and secure your wallet, paper or otherwise.
Know who’s using your pc.
Obviously we wouldn’t want to buy or sell our Bitcoin at the local library computer or Internet cafe.
Don’t use unsecured WiFi without a vpn.
 
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Mujahideen

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That can't be right? Where are all the techies that were espousing bitcoin as unhackable?
The block chain itself is pretty solid.

This article isn’t about bitcoin per se or the block chain. It’s about your wallet.

Gold is pretty safe right? Until someone steals your safe.
 

Usury

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The block chain itself is pretty solid.

This article isn’t about bitcoin per se or the block chain. It’s about your wallet.

Gold is pretty safe right? Until someone steals your safe.
But that's my point. The block chain or encryption is irrelevant. At some point it has to be decrypted to be able to conduct transactions. That's the point of entry. Any safe is only as good as the lock. And none of them are foolproof. So the guise of security with bitcoin is just that...a ruse.
 

Mujahideen

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But that's my point. The block chain or encryption is irrelevant. At some point it has to be decrypted to be able to conduct transactions. That's the point of entry. Any safe is only as good as the lock. And none of them are foolproof. So the guise of security with bitcoin is just that...a ruse.
By this logic, the guise of security of anything is a ruse, not just bitcoin.

The block chain is pretty solid. If you lose your bitcoin on your own that’s your fault.
 

Usury

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You've proven my point yet again Muj...which is that NOTHING is safe online.

I will NEVER use any cryptocurrency for this reason. If it weren't for fraud protection guarantees from my bank and VISA, I'd probably not do any cc transactions either.