The post Snap Store Security Breach Endangers Crypto Wallet Users appeared on BitcoinEthereumNews.com. Key Points: Domain hijacking in Snap Store targets cryptoThe post Snap Store Security Breach Endangers Crypto Wallet Users appeared on BitcoinEthereumNews.com. Key Points: Domain hijacking in Snap Store targets crypto

Snap Store Security Breach Endangers Crypto Wallet Users

Key Points:
  • Domain hijacking in Snap Store targets crypto wallets, compromises user security.
  • Two domains confirmed hijacked; users advised to remain cautious.
  • Losses reported as attackers steal wallet recovery seed phrases.

Linux users face a new cybersecurity threat as hijacked domains in the Snap Store exploit trust to steal crypto assets, SlowMist CISO 23pds reported on January 21st..

This attack highlights vulnerabilities in open-source platforms, emphasizing the urgent need for enhanced domain management to protect user funds from sophisticated phishing schemes.

Domain Hijacking in Snap Store Threatens Crypto Security

Community reactions are strong, with experts like Alan Pope advising heightened caution. Pope emphasized:

These sentiments underscore the severity of the issue, as echoed by numerous security professionals.

Past Cyber Threats Highlight Ongoing Platform Vulnerabilities

Did you know? Previously, similar attacks have plagued platforms like GitHub and npm. These attacks exploit the trust users place in familiar update channels, showcasing the broader vulnerability across software ecosystems.

Historically, domain hijacking has surfaced in various open-source ecosystems, mirroring the strategy observed in the Snap Store incidents. Cybersecurity experts stress the importance of maintaining up-to-date domain registrations to prevent attackers from exploiting expired credentials.

As these attacks evolve, the emphasis is shifting towards improving both consumer awareness and developer security practices. The continuation of such threats signals a need for comprehensive security strategies that extend beyond individual platforms. Explore more insights about the latest threats in the crypto news sector.

Source: https://coincu.com/scam-alert/snap-store-crypto-wallet-risk/

Market Opportunity
Intuition Logo
Intuition Price(TRUST)
$0.09425
$0.09425$0.09425
-2.31%
USD
Intuition (TRUST) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Surprising 2025 Decline In Online Interest Despite Market Turmoil

The Surprising 2025 Decline In Online Interest Despite Market Turmoil

The post The Surprising 2025 Decline In Online Interest Despite Market Turmoil appeared on BitcoinEthereumNews.com. Bitcoin Searches Plunge: The Surprising 2025
Share
BitcoinEthereumNews2026/01/21 14:56
Cryptos Signal Divergence Ahead of Fed Rate Decision

Cryptos Signal Divergence Ahead of Fed Rate Decision

The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01
Strategy Makes Biggest Bitcoin Bet In Months With $2.13B Buy

Strategy Makes Biggest Bitcoin Bet In Months With $2.13B Buy

The post Strategy Makes Biggest Bitcoin Bet In Months With $2.13B Buy appeared on BitcoinEthereumNews.com. Strategy Makes Biggest Bitcoin Bet In Months
Share
BitcoinEthereumNews2026/01/21 15:07