CRYPTO NEWS: FORGED SOLANA PHANTOM UPDATES ARE USED BY HACKERS TO STEAL CRYPTOS.

FORGED SOLANA PHANTOM UPDATES ARE USED BY HACKERS TO STEAL CRYPTOS. ACCORDING TO REPORTS, CYBERCRIMINALS PUSHED PEOPLE TO INSTALL THE UPDATE SO THEY COULD CRACK THE VICTIMS’ PASSWORDS AND TAKE CRYPTOCURRENCY FROM THEIR WALLETS.

FORGED SOLANA PHANTOM UPDATES ARE USED BY HACKERS TO STEAL CRYPTOS:

CONSUMERS CLAIM THAT SCAMMERS EMAILED THEM WITH A NEW SOLANA PHANTOM SECURITY UPDATE, PROMISING IT WOULD PROVIDE MORE SAFETY.

HOWEVER, MALICIOUS ACTORS EXPLOITED AIRDROPPED NFTS TO INSTALL PASSWORD-STEALING MALWARE, WHICH THEY THEN USED TO SYPHON MONEY FROM THE AFFLICTED WALLETS.

YET ANOTHER SPACE SCAM:

FORGED SOLANA PHANTOM UPDATES ARE USED BY HACKERS TO STEAL CRYPTOS
FORGED SOLANA PHANTOM UPDATES

ACCORDING TO A RECENT REPORT, THE FRAUD BEGAN TWO WEEKS AGO WHEN CERTAIN PHANTOM USERS RECEIVED NFTS DUBBED “PHANTOMUPDATE.COM” OR “UPDATEPHANTOM.COM.” THEY WERE INSTRUCTED TO OPEN THE ATTACHMENT OR GO TO A WEBSITE TO CLICK ON A LINK TO DOWNLOAD AND INSTALL THE MOST RECENT SECURITY UPDATE.

“ALL USERS MUST UPGRADE THEIR WALLETS IN ORDER TO USE PHANTOM. AS QUICKLY AS FEASIBLE, THIS NEEDS TO BE DONE AS QUICKLY AS POSSIBLE. FAILURE TO DO SO COULD LEAD TO FINANCIAL LOSS AS A RESULT OF HACKERS ABUSING THE SOLANA NETWORK. THE MOST RECENT SECURITY UPDATE IS AVAILABLE AT www.updatephantom.com, THE NOTIFICATION SAID.

WHEN A VICTIM SELECTED ONE OF THE TWO ALTERNATIVES, A BATCH FILE CALLED “PHANTOM UPDATE 2022-10-08.BAT” WAS IMMEDIATELY DOWNLOADED. USERS WERE SENT TO ANOTHER FILE CALLED WINDLL32.EXE AFTER ACCEPTING THE TERMS. HOWEVER, THE CYBERSECURITY SYSTEM VIRUSTOTAL CLAIMS THAT THE FEATURE IS A PASSWORD-STEALING MALWARE THAT TRIES TO CAPTURE COOKIES, HISTORY, AND PASSWORDS FROM BROWSERS.

THE HACKERS’ PRIMARY GOAL WAS TO ACCESS THE VICTIMS’ CRYPTOCURRENCY WALLETS USING THEIR PASSWORDS IN ORDER TO STEAL DIGITAL ASSETS.

PEOPLE WHO HAVE THAT DANGEROUS MALWARE INSTALLED ON THEIR COMPUTERS SHOULD RUN AN ANTIVIRUS SCAN AND THEN TRANSFER THEIR ASSETS FROM THEIR OLD PHANTOM WALLET TO A NEW ONE. THEY MUST ALSO UPDATE THEIR PASSWORDS ON ALL WEBSITES INVOLVED IN CRYPTOCURRENCY TRADING.

THE IDEAL STRATEGY MIGHT BE TO USE A NEW PASSWORD FOR EACH WEBSITE, AS THIS PREVENTS CREDENTIAL BREACHES BETWEEN DATABASES.

FORGED SOLANA PHANTOM UPDATES ARE USED BY HACKERS TO STEAL CRYPTOS

PHANTOM WALLET OF SOLANA TRANSFORMED INTO A UNICORN:

PHANTOM, A CRYPTOCURRENCY WALLET WITH A SOLANA, CALIFORNIA, BASIS, HAS HAD A GOOD YEAR IN 2022 DESPITE THE AFOREMENTIONED FRAUD.

ITS MARKET CAPITALIZATION REACHED $1.2 BILLION EIGHT MONTHS AGO FOLLOWING A $109 MILLION FUNDRAISING EFFORT LED BY THE AMERICAN VENTURE CAPITAL FIRM ANDREESSEN HOROWITZ (A16Z) AND THE CANADIAN INVESTMENT FIRM PARADIGM.

“THE PHANTOM TEAM IS GRATEFUL FOR THESE AMAZING PARTNERS’ SUPPORT AS WE CARRY OUT OUR PLAN TO MAKE WEB3 MORE WIDELY AVAILABLE. IT IS EVIDENT THAT THE RAPID UPTAKE OF NFTS AND DEFI HAS HIGHLIGHTED THE CRUCIAL ROLE THAT CRYPTO WALLETS PLAY IN DELIVERING A USER EXPERIENCE THAT IS SECURE, ENJOYABLE, AND SIMPLE TO USE,” THE PROJECT STATED AT THE TIME.

USERS CAN NOW TRANSACT WITH CRYPTOCURRENCIES AND NFTS ON ANY ANDROID-POWERED SMARTPHONE THANKS TO THE SOLANA-BASED WALLET’S RELEASE OF A MOBILE APPLICATION THIS SPRING. PHANTOM HAD PREVIOUSLY RELEASED THE SERVICE FOR IOS.

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CRYPTO NEWS: FORGED SOLANA PHANTOM UPDATES ARE USED BY HACKERS TO STEAL CRYPTOS.

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