{"id":125583,"date":"2023-07-21T13:34:38","date_gmt":"2023-07-21T13:34:38","guid":{"rendered":"https:\/\/dripp.zone\/news\/binance-ceo-warns-of-phishing-scams-as-uniswap-founder-gets-hacked-crypto-news\/"},"modified":"2023-07-21T13:34:40","modified_gmt":"2023-07-21T13:34:40","slug":"binance-ceo-warns-of-phishing-scams-as-uniswap-founder-gets-hacked-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-ceo-warns-of-phishing-scams-as-uniswap-founder-gets-hacked-crypto-news\/","title":{"rendered":"Binance CEO warns of phishing scams as Uniswap founder gets hacked\n – Crypto News"},"content":{"rendered":"
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Binance CEO Changpeng \u201cCZ\u201d Zhao<\/a> is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks.<\/p>\n

CZ took to Twitter on July 21 to warned<\/a> his readers about phishing and other social engineering scams. He also recommended cryptocurrency exchange users rely on hardware devices for two-factor authentication (2FA), instead of using mobile carrier-based 2FA for example.<\/p>\n

\u201cBest to enable 2FA with a hardware device (Yubikey) on all crypto exchanges,\u201d Binance CEO wrote.<\/p>\n

Zhao’s warning came shortly after Uniswap founder Hayden Adams had his Twitter account compromised<\/a> on July 20. After taking over Adams’ account, the attacker attempted to scam his followers through a malicious link posted on his page. Members of Crypto Twitter have quickly identified and warned others against the scam.<\/p>\n

Adams subsequently restored access to his account in a matter of hours. He also promised to follow up with updates when ready.<\/p>\n

The amount of social engineering attacks in the cryptocurrency industry has been rising recently.<\/p>\n

In early July, LayerZero CEO Bryan Pellegrino became a victim of a SIM swap attack, which allowed hackers to take over his Twitter briefly. The executive suggested<\/a> that the attackers used his speaker badge at the Collision conference, which he happened to put in the trash.<\/p>\n

According to blockchain security experts, the trend of social engineering hacks like SIM swap attacks could be rising in the near future.<\/p>\n

Related: <\/em><\/strong>$794K SIM swap hacker PlugwalkJoe sentenced to 5 years in prison<\/em><\/strong><\/a><\/p>\n

According to SlowMist chief information security officer \u201c23pds,\u201d SIM swapping also doesn’t require high-level technical skills.<\/a>, After Uniswap’s Adams reported he was back on Twitter, 23pds also referred to Cointelegraph’s recent coverage of SIM swap hacks.<\/p>\n

\u201cI was just doing an interview last week about the current state of sim swap hijacking, and I didn’t realize there were several attacks so soon,\u201d he wrote. In the article, 23pds and other cybersecurity experts provided some methods to prevent social engineering hacks like phishing as well.<\/p>\n

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oh.. @haydenzadams<\/a> @uniswap<\/a>
I was just doing an interview last week about the current state of sim swap hijacking, and I didn’t realize there were several attacks so soon.https:\/\/t.co\/HSjMqdOora<\/a><\/p>\n

\u2014 23pds (@IM_23pds) July 21, 2023<\/a><\/p><\/blockquote>\n

Among many others, one core protection measure recommended to take against a SIM swap hack is restricting the usage of SIM card-based methods for 2FA verification. Instead of relying on methods like SMS, one should better use apps like Google Authenticator or Authy.<\/p>\n

Magazine: <\/em><\/strong>AI Eye: AI’s trained on AI content go MAD, is Threads a loss leader for AI data?<\/em><\/strong><\/a><\/p>\n