cryptosecurity

As 2025 comes to an end, Binance’s Sisi, marketing and customer service liaison for the exchange, posted on X today, December 31, 2025, and asked users to be careful as online scams are becoming more clever each day. With the post, the platform shared a real shocking incident that took place recently.
According to Binance, one user tried to cheat the exchange by creating a fake story. The person made false proof and claimed that Binance was at fault, in the hopes of getting a return. The scammer also threatened to apply pressure through social media if the exchange did not help resolve the matter soon.
Binance’s security team investigated the whole case and found that the claims were not true and wanted to share this incident publicly so that users know how scammers now try to manipulate platforms and public opinions, and why staying alert is very important.
#Binance #CryptoSecurity #ScamAlert #CryptoNews #UserSafety

During the holiday season, a large-scale attack targeted hundreds of cryptocurrency wallets across Ethereum Virtual Machine (EVM) compatible networks such as Ethereum, BNB Chain, Polygon, Avalanche, and Arbitrum. Blockchain security investigator ZachXBT reported a series of thefts in which small amounts of funds — typically under $2,000 per wallet — were stolen, but the total loss has already surpassed $107,000.

Gradual, Yet Sophisticated Exploit
Instead of massive single hits, the attacker used a low-key method by draining small amounts from many wallets. According to on-chain data, these coordinated thefts began in late December, but the exact method remains unclear. All funds were funneled to the address starting with 0xAc2e…ad8Bf9bFB.

Where the Funds Ended Up
Blockchain tracking tools reveal the attacker has accumulated assets across more than 20 different blockchains. Most of the funds were stolen from Ethereum — approximately $54,655, making up 51% of the total. BNB Chain followed with $25,545, then Base ($8,688), Arbitrum ($6,273), Polygon ($3,498), Optimism ($1,480), Zora ($994), Linea ($909), and Avalanche ($386).

Suspected Phishing via Fake MetaMask Emails & Trust Wallet Exploit
Some crypto users speculated that phishing emails mimicking MetaMask were used to trick investors into handing over their seed phrases.
However, an in-depth analysis by Nansen pointed to a supply chain attack targeting Trust Wallet’s Chrome extension (v2.68). This incident began on December 24, when a malicious update was released, allowing attackers to steal wallet recovery phrases.

Compromised GitHub Access and Backdoored Extension
Trust Wallet later confirmed that the attacker gained access to its source code and Chrome Web Store API keys via leaked developer data on GitHub. This allowed them to upload a malicious version of the extension without going through the company’s approval process. A fake domain, metrics-trustwallet[.]com, was also registered to distribute the backdoored extension capable of exfiltrating mnemonic phrases.
About 1 million users of the Trust Wallet Chrome extension were later prompted to update to version 2.69 after the compromised update went live.

Shai-Hulud 3.0: A More Sophisticated Malware Version
Researchers at Upwind described the malware as a stealthier evolution called “Shai-Hulud 3.0,” featuring enhanced string obfuscation, improved error handling, and Windows compatibility. Its goal wasn’t new attack techniques, but rather to prolong the campaign's lifespan undetected.

Expected Token Movements: Tornado Cash, THORChain & Others
Stolen tokens are expected to be laundered via platforms such as Tornado Cash, Railgun, THORChain, Debridge, eXch, and other OTC/mixing services to hide the origin of the assets.

Christmas 2025: A Record Season for Crypto Scams
This holiday season marked an all-time high in cybercrime targeting crypto users. In early December, the FBI’s Internet Crime Complaint Center warned Americans about scam and phishing emails, estimating more than $785 million in losses due to holiday-related non-payment and non-delivery scams — with another $199 million lost to credit card fraud.

A Year of Record-Breaking Crypto Heists
2025 is now the worst year on record for crypto theft. According to Chainalysis and TRM Labs, cybercriminals stole $2.7 billion worth of crypto — the highest annual total to date. The biggest heist was the $1.4 billion exploit on Dubai-based exchange Bybit.
That incident surpassed previous notorious hacks like the $624 million Ronin bridge breach and $611 million Poly Network hack in 2022.

North Korea Behind Most of the Thefts
Analysts say state-sponsored North Korean groups were behind the majority of 2025’s thefts, allegedly stealing over $2 billion this year alone. Since 2017, these groups are estimated to have stolen nearly $6 billion in crypto, reportedly used to fund North Korea’s sanctioned nuclear weapons program.

#Cryptoscam , #CryptoSecurity , #HackerAlert , #CryptoNews , #Ethereum

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A Seed Phrase is your 12-24 word master key. If you lose your phone or wallet app, these words are the only way to recover your funds. But be warned: there is no "forgot password" button in decentralized crypto. If you lose this phrase, your money is gone forever.

​The golden rule is to never share it with anyone—not even "support" teams or friends. Whoever has these words controls your wallet. Avoid saving it on your phone, in your email, or in a photo where hackers can easily find it.

​Write it on a physical piece of paper, keep it offline, and hide it in a safe. It is your ultimate defense; treat it like it is a million dollars in cash. Your security is only as strong as your ability to keep this phrase secret.

​Next part — What is Market Cap and why should you care? 🚀

​Note: This post is for educational purposes only. Crypto markets are highly unregulated and risky. Please Do Your Own Research (DYOR) before investing. This is not financial advice.

​#TrendFlare #CryptoSecurity #BinanceSquare

In the world of crypto, you are your own bank. This means security is your number one responsibility. Protecting your Binance account is non-negotiable. Follow this 10-point security checklist to lock down your assets and trade with peace of mind.

✅ 1. Fortify with 2FA (Two-Factor Authentication)

This is your account's first and strongest shield. Never use just SMS authentication.

· Action: Enable Google Authenticator or a hardware security key (like Yubikey) in your Binance Security Settings.

✅ 2. Create an Unbreakable, Unique Password

· Action: Use a long, random mix of letters, numbers, and symbols. Never reuse this password on any other site. Consider a password manager.

✅ 3. Activate Your Anti-Phishing Code

This helps you identify real Binance emails from fake ones.

· Action: Set it up in your account settings. Genuine Binance emails will always contain this unique code.

✅ 4. Whitelist Your Withdrawal Addresses

This is a critical defense. Once enabled, crypto can only be sent to pre-approved addresses.

· Action: Enable Address Whitelisting in your withdrawal settings. Allow 24-48 hours for any changes.

✅ 5. Review Device & Session Management Regularly

· Action: Periodically check your "Device Management" and "Login History." Log out of unused sessions and remove unrecognized devices immediately.

✅ 6. Be a Phishing Hunter

Scammers are clever. Always double-check URLs, email senders, and social media links.

· Action: Never click links from unsolicited messages. Always type binance.com directly into your browser.

✅ 7. Secure Your Email Account

Your email is the key to reset requests. Protect it with a strong, unique password and 2FA as well.

· Action: Apply the same security rigor to your primary email account.

✅ 8. Keep Your Recovery Seed Phrase Offline

Your Binance Wallet recovery phrase is the ultimate key.

· Action: Never store it digitally (no screenshots, cloud notes). Write it on paper or use a metal backup, and keep it in a safe, physical location.

✅ 9. Withdraw to Self-Custody for Large Holdings

Not your keys, not your crypto. For significant, long-term holdings, consider a personal hardware wallet.

· Action: Use Binance's secure withdrawal function to send assets to your own hardware wallet (e.g., Ledger, Trezor).

✅ 10. Stay Informed

Binance constantly updates its security features.

· Action: Follow official Binance Square channels, blogs, and support pages for the latest security announcements and tips.

Security is a habit, not a one-time setup. Bookmark this list and schedule a quarterly review of your account settings. A few minutes today can prevent catastrophic loss tomorrow.

🔒 Stay Secure. Stay in Control.

#Binance #BinanceSquare #CryptoSecurity

TL;DR: A crypto wallet doesn't store your "money" it stores your Private Keys. Think of it as your digital key ring. If you lose your keys, you lose your crypto!
Welcome back, #LearningCrypto101 family! 🌏 Now that you know what $BTC and $BNB are, the next big question is: Where do I put them? In the crypto world, we have a famous saying: "Not your keys, not your coins." Let’s make sure you never have to learn that the hard way.
The Two Keys to Your Kingdom 🔑
Every wallet has two main components that you need to understand:
Public Address: Think of this like your email address or IBAN. You share this with others so they can send you crypto.Private Key: This is your secret digital signature. It is the only thing that proves you own the funds. If someone sees this, they can take your money instantly.
Hot Wallets vs. Cold Wallets 🔥❄️
There are two main ways to store those keys, depending on your needs:
Hot Wallets (Online)
These are apps on your phone or browser (like Trust Wallet or the Binance App). They are always connected to the internet.
Best For: Small amounts of money and frequent trading.Risk: Since they are online, they are more vulnerable to hackers if your phone is compromised.
Cold Wallets (Offline)
These are physical devices (like Ledger or Trezor) that keep your keys completely offline.
Best For: Large savings and long-term "HODLing."Risk: The only risk is physical loss or damage, which is why backups are vital.
The "Master Key": Your Seed Phrase 📝
When you set up a wallet, you’ll get 12 to 24 random words. This is your Seed Phrase.
It is the backup for your wallet. If you lose your phone, you type these words into a new device to get your coins back.Never store this on your phone or computer. Write it on paper and hide it. If a "support agent" asks for it, they are a scammer—100% of the time.
Security Best Practices 🔒
Enable 2FA: Use Google Authenticator on your Binance account. Do not rely on SMS alone.Verify the Network: When sending $ETH, make sure the receiver is also on the Ethereum network. Sending to the wrong network can result in permanent loss.Small Test First: If you are nervous, send a tiny amount first to make sure it arrives before sending the rest.
Action Step for Today: Go to your Binance security settings and make sure your Two-Factor Authentication (2FA) is active. It takes 2 minutes but saves your future! 🟢
Have you ever felt nervous about sending crypto for the first time? Tell me about your experience below! 👇
#FOMOlogy #growtogether #CryptoSecurity #HODL