Independent expert in blockchain, energy, and digital assets Oleg Ogienko discussed cryptocurrency's vulnerability to fraud and ways to protect it in an interview with RT.
He noted that as digital assets gain popularity, so does the activity of unscrupulous market participants. The main channels for theft include phishing, malicious apps, fake wallets, and social engineering.
According to him, users who store their cryptocurrencies on mobile devices with poor security or who trust dubious platforms are particularly vulnerable. Ogienko pointed out that the most common fraudulent schemes currently include fake token giveaways from well-known brands and exchanges, as well as spoofed technical support that gains access to seed phrases used to restore wallet access. Malicious browser extensions and counterfeit versions of popular wallets are second.
To reduce risks, the expert recommended using hardware wallets and devices disconnected from the internet when storing large amounts. He also emphasized the importance of precautions, such as not sharing seed phrases and private keys with anyone, even customer support representatives. Ogienko advised always manually verifying addresses and using two-factor authentication.
According to experts, the total amount of Russian cryptocurrency funds at the beginning of this year amounted to approximately ₽2 trillion.
He noted that as digital assets gain popularity, so does the activity of unscrupulous market participants. The main channels for theft include phishing, malicious apps, fake wallets, and social engineering.
According to him, users who store their cryptocurrencies on mobile devices with poor security or who trust dubious platforms are particularly vulnerable. Ogienko pointed out that the most common fraudulent schemes currently include fake token giveaways from well-known brands and exchanges, as well as spoofed technical support that gains access to seed phrases used to restore wallet access. Malicious browser extensions and counterfeit versions of popular wallets are second.
To reduce risks, the expert recommended using hardware wallets and devices disconnected from the internet when storing large amounts. He also emphasized the importance of precautions, such as not sharing seed phrases and private keys with anyone, even customer support representatives. Ogienko advised always manually verifying addresses and using two-factor authentication.
According to experts, the total amount of Russian cryptocurrency funds at the beginning of this year amounted to approximately ₽2 trillion.
Link for the original article: Region