Collaboration Against Crypto Scams: US and UK Intelligence Warns Against Dangerous Software

The intelligence agencies of the US and UK have released a noteworthy joint report regarding software aimed at stealing crypto assets.

The intelligence agencies of the United States and the United Kingdom have released a notable joint report about a new malicious software called “Nasty Chisel,” which primarily targets Android devices and aims to steal crypto assets.

Intelligence Agencies Collaborate for Crypto Wallet and Exchange Security

Prominent intelligence agencies such as the National Security Agency (NSA) of the United States, the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and the United Kingdom’s National Cyber Security Centre (NCSC) have collaborated to warn users about protecting the security of their crypto wallets and exchanges.

In the report, they specifically identify the malicious software as “Nasty Chisel” and link it to the activities of the Sandworm cyber warfare unit, which is associated with Russia’s military intelligence agency GRU.

Apps like Binance, Coinbase, and Trust Wallet Also Affected

Another significant point highlighted in the report is that the attack and fraud-oriented software named “Nasty Chisel” includes data from the directories of popular crypto exchanges such as Binance and Coinbase, as well as applications like Trust Wallet. Additionally, the report reveals that this type of software is capable of extracting any kind of file from the directories, regardless of the specific nature of the attack or fraud.

Losses Exceeding $1 Billion

These incidents highlight the increasing challenges in crypto asset security in the year 2023. According to a report from the blockchain security company CertiK, losses totaling nearly $1 billion have been incurred due to hacking and fraud since the beginning of the year.

Source: Cointelegraph

Previous Article

Turks Turn to Crypto in the Fight Against Inflation

Next Article

Bank of America Warns of a 'Pullback' Risk for U.S. Stocks

Related Posts