Binance Warns of Global Malware Targeting Cryptocurrency Users

Binance, in a recent blog post, has alerted users to a global malware problem that targets cryptocurrency wallets by altering withdrawal addresses during transactions. This malware, commonly known as "Clipper Malware," intercepts data stored in the clipboard, specifically targeting cryptocurrency wallet addresses.

When users copy and paste their wallet addresses to transfer cryptocurrency, the malware replaces the original address with one specified by the attacker. If users complete the transfer without noticing the change, their cryptocurrency is sent to the attacker's wallet, resulting in financial loss.

The activity of this malware has significantly increased, particularly on August 27, 2024, causing substantial financial losses for affected users. The malware is typically spread through unofficial applications and plugins, particularly on Android and web apps, but iOS users should also be vigilant. Many users inadvertently install these malicious applications while searching for software in their native languages or through unofficial channels, often due to restrictions in their countries.

To protect against this malware, users should verify the authenticity of software, carefully check addresses, and utilize security software.