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<div class="cryptonews">
 <p class="is-style-lead">Loading fake <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> apps on search engines is why many people lose coins.</p>
 <p>According to Bitrace, Telegram often implements malicious backdoors that identify surrogate addresses and cause funds to be sent to malicious addresses.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="reason" href="https://thebittimes.com/tag/reason.html">reason</a> is that the anonymous nature of the blockchain network makes it difficult for ordinary investors and investigators to establish a connection between an on-chain address and a real person. Thereby, they miss the opportunity to freeze losses promptly.</p>
 <blockquote class="wp-block-quote">
  <p>“Investors and investigators need to consider how to perceive threats before risky activity occurs, and monitor and promptly recover losses after they occur.”</p> <cite>Bitrace</cite>
 </blockquote>
 <p>Experts note that various search engines are fertile ground for the proliferation of fake websites. Fraudsters use SEO and SEM to promote phishing links online.</p>
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 <p>Clipboard hijacking is another classic attack method in which malware takes control of the clipboard on the victim’s computer and turns its contents into malicious content without the victim’s knowledge.</p>
 <p>Cryptocurrency investment scams often use “high returns and low risks” to lure <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> into investing.</p>
 <p>To add credibility to this type of scam, the audience is asked to download well-known software such as OKXweb3 Wallet and Trust Wallet and claims that such activities are supported by institutions such as OKX and Binance.</p>
 <p>In conclusion, experts advised <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> to monitor suspicious transactions to avoid falling for scammers carefully.</p>
 <p>Previously, a report from the startup Immunefi showed that in the third quarter of 2023, the cryptocurrency market suffered losses of $685 million. Compared to 2022, the number of fraudulent schemes decreased by almost 24%. At the same time, the main attack vectors fell on two blockchains: Ethereum (42.7%) and BNB Chain (30.5%).</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/report-reveals-reason-why-wallet-users-lose-crypto-tbt68298.html">https://thebittimes.com/report-reveals-reason-why-wallet-users-lose-crypto-tbt68298.html</a></p>

Report reveals reason why wallet users lose crypto

TheBitTimes

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