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  • Cryptocurrency growth provoked a surge in account hacks on cryptocurrency exchanges

    According to a new study by PrivacyAffairs, a user's personal information on the dark web is valued at $1,010. Online banking logins and passwords, credit card details and social media credentials are in the highest demand.

    The growing trend of selling hacked cryptocurrency accounts is a major concern and is currently a booming business. Cryptocurrency exchange Coinbase has become a particularly popular target for hackers as stolen verified accounts are being sold on the darknet for $610. And hacked Kraken user accounts are being sold for as little as $810.

    Selling hacked cryptocurrency exchange accounts is a very lucrative business for cybercriminals, and the demand for such accounts has only grown in recent years as more people invest in digital assets.

    As the value of cryptocurrencies continues to rise, hackers have an incentive to steal them. The anonymity of cryptocurrencies makes it difficult to trace and recover stolen assets, leaving victims with little chance of legal protection.

    PrivacyAffairs highlights the importance of public awareness and efforts to mitigate the threat of identity theft and account hacking. Users should be vigilant about protecting their personal information online and use strong, unique passwords for each account. Two-factor authentication is also an important tool for protecting online accounts.

    It is important for cryptocurrency users to take additional precautions - they must use cold wallets to store cryptocurrency and not exchange their secret keys or seed phrases with third parties.

    Author DeepWeb
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