{"id":200107,"date":"2024-11-25T01:23:17","date_gmt":"2024-11-25T07:23:17","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/11\/scammers-exploit-tiny-typos-to-trick-people-into-sending-money-to-their-crypto-wallets"},"modified":"2024-11-25T01:23:17","modified_gmt":"2024-11-25T07:23:17","slug":"scammers-exploit-tiny-typos-to-trick-people-into-sending-money-to-their-crypto-wallets","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/11\/scammers-exploit-tiny-typos-to-trick-people-into-sending-money-to-their-crypto-wallets","title":{"rendered":"Scammers exploit tiny typos to trick people into sending money to their crypto wallets"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/scammers-exploit-tiny-typos-to-trick-people-into-sending-money-to-their-crypto-wallets2.jpg\"><\/a><\/p>\n<p>A team of cybersecurity researchers at Stony Brook University has uncovered a new way for scammers to steal from unsuspecting cryptocurrency users. They have posted a <a href=\"https:\/\/arxiv.org\/abs\/2411.00352\" target=\"_blank\">paper<\/a> to the <i>arXiv<\/i> preprint server describing the new crypto scam and how users can protect themselves.<\/p>\n<p>Cryptocurrency is a type of digital currency run on a secure online platform. One example is Coinbase. Crypto currency is stored in a crypto wallet. In this new study, the team in New York reports that scammers have found a way to get people to redirect crypto payments away from intended recipients and toward wallets held by the scammers.<\/p>\n<p>The researchers call the scam typosquatting. It involves setting up Blockchain Naming Systems (BNS) <a href=\"https:\/\/techxplore.com\/tags\/domain+names\/\" rel=\"tag\" class=\"\">domain names<\/a> that are similar to those used by well-known entities. It exploits the use of simple word-based addresses rather than the complicated and hard-to-remember letter and digit codes commonly associated with crypto wallets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A team of cybersecurity researchers at Stony Brook University has uncovered a new way for scammers to steal from unsuspecting cryptocurrency users. They have posted a paper to the arXiv preprint server describing the new crypto scam and how users can protect themselves. Cryptocurrency is a type of digital currency run on a secure online [\u2026]<\/p>\n","protected":false},"author":534,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3818,1761,34,39],"tags":[],"class_list":["post-200107","post","type-post","status-publish","format-standard","hentry","category-blockchains","category-cryptocurrencies","category-cybercrime-malcode","category-economics"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/200107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/534"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=200107"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/200107\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=200107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=200107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=200107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}